Vivek Ramaswamy is the second presidential candidate in the US to formally settle for Bitcoin (BTC) donations for the upcoming 2024 election.

“Give $1,” Ramaswamy mentioned, asserting that he could be accepting bitcoin donations. The revelation got here simply two days after Robert F. Kennedy Jr. turned the primary presidential candidate in United States historical past to simply accept marketing campaign contributions in Bitcoin. Ramaswamy declared: “Let’s make the 2024 election a referendum on fiat currencies.”

US Presidential Candidate Vivek Ramaswamy Proclaims Bitcoin Donation Acceptance Supply: Fb

As proven above, Ramaswamy displayed a QR code on stage that, when scanned, redirected customers to a fee gateway providing varied fee choices for donations, together with BTC and Satoshi (Sats) – the smallest denomination of Bitcoin.

Cost choices for Ramaswamy’s donations utilizing BTC and Sats. Supply: help.vivek2024.com

Ramaswamy has chosen the BitPay fee service to obtain Bitcoin donations. Nonetheless, BitPay additionally helps different cryptocurrencies, together with Bitcoin Money (BCH), Ether (ETH), ApeCoin (APE), Litecoin (LTC), Dogecoin (DOGE), and Shiba Inu (SHIB), amongst others.

We simply introduced that we’re formally accepting #Bitcoin donations.
Enter $1.
Let’s make the 2024 election a referendum on fiat forex. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz

— Vivek Ramaswamy (@VivekGRamaswamy) Might 20, 2023

Eligible US residents and everlasting residents can donate as much as US$6,600 to the marketing campaign, which isn’t federal earnings tax deductible as a charitable donation. Donors are rewarded with a non-fungible token (NFT) because the donation web page says “After donating, come again to assert your NFT.”

Associated: FTX is trying to reclaim political donations by the top of February

In February, lawmakers within the Kansas Home of Representatives launched a invoice that will cap political donations in crypto at $100.

Donations beneath $100 would require the recipient to “immediately convert the cryptocurrency to US {dollars}”, not use the cryptocurrency for bills, and never HODL the funds.

Journal: Hyperbitcoinization Underway, RFK Solicits Bitcoin Donations & Different Information: Hodler’s Digest, Might 14-20 Might