26 July 2016
Find out more

US State Representative adopts Bitcoin donation system

04 September 2012  |  12200 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
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/  

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Ketharaman Swaminathan
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!

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Obama campaign taps payvia for text message-based donations

Obama campaign taps payvia for text message-based donations

31 August 2012  |  4341 views  |  0 comments
BitInstant confirms Bitcoin card plans

BitInstant confirms Bitcoin card plans

23 August 2012  |  7894 views  |  0 comments
Users sue Bitcoin exchange over $460k in missing funds

Users sue Bitcoin exchange over $460k in missing funds

13 August 2012  |  7017 views  |  0 comments
Bitcoin exchange loses $90,000 in virtual currency hack

Bitcoin exchange loses $90,000 in virtual currency hack

14 May 2012  |  8809 views  |  0 comments
Obama and Romney tap Square for donations

Obama and Romney tap Square for donations

31 January 2012  |  5576 views  |  1 comments
Exchange lets users pay cash for Bitcoin at bank branches

Exchange lets users pay cash for Bitcoin at bank branches

22 August 2011  |  12366 views  |  0 comments
US customs agents turn away Bitcoin-dependant visitor

US customs agents turn away Bitcoin-dependant visitor

27 July 2011  |  10955 views  |  0 comments
Phoney Bitcoins caused MT Gox virtual currency crash

Phoney Bitcoins caused MT Gox virtual currency crash

05 July 2011  |  11535 views  |  1 comments
Bitcoin value crashes after exchange compromised

Bitcoin value crashes after exchange compromised

20 June 2011  |  18737 views  |  0 comments
US senators voice fears over Bitcoin link to online drugs market

US senators voice fears over Bitcoin link to online drugs market

09 June 2011  |  7545 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit VocaLink.comVisit capgemini.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9327 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9252 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7791 views comments | 18 tweets | 25 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
5924 views 0 | 9 tweets | 3 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5907 views comments | 29 tweets | 16 linkedin

Featured job

Find your next job