29 July 2014

US State Representative adopts Bitcoin donation system

04 September 2012  |  10722 views  |  2 cash

US State Representative Mark Warden has added a Bitcoin donation system to his campaign Website, marking the first use of the decentralised virtual currency system by a sitting incumbent politician.

Warden, who is running for re-election in Hillsborough County's District 39, sits on the far right wing of the Republican party, campaigning for limited constitutional government.

He says Bitcoin will allow online transactions that are not "subject to the inflationary whims of the Federal Reserve or other central banks".

The Bitcoin payment system has come under fire in US political circles for its radical outsider status and links to the online drugs market.

"This is a cutting-edge technology that is market based, voluntary, and extremely innovative," counters Warden. "I have constituents and vendors who prefer this medium of exchange, so it's natural to want to respond to the marketplace."

Last month the Obama presidential re-election campaign began using technology from start-up payvia to enable supporters to donate via text message, with the money charged to their carrier bills.

Comments: (2)

A Finextra member | 04 September, 2012, 17:17

This is a neat idea for any candidate that supports local currencies and alternative currencies!  The original story broke here on Sept 1:   http://www.howtoacceptbitcoin.com/  

Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 06 September, 2012, 12:53

Obama 2008 reputedly used website A/B testing techniques to target donors better. Now, by using Payvia, Obama 2012 seems to be collecting from donors better!

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

31 August, 2012
23 August, 2012
13 August, 2012
14 May, 2012
31 January, 2012
22 August, 2011
27 July, 2011
05 July, 2011
20 June, 2011
09 June, 2011

Featured job

to $120k base ($250k OTE including commission), be...
Boston, MA (USA)

Find your next job