2020 US Presidential candidate accepting donations in BTC and ETH
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2020 US Presidential candidate accepting donations in BTC and ETH

Andrew Yang who is a 2020 US Presidential candidate has recently announced that he will be accepting donations in cryptocurrency for his campaign. The 43-year old entrepreneur mentioned that he is ready to accept payment in Ethereum (ETH) and Bitcoin (BTC).

On Monday, the campaign members of Yang confirmed that they would take a maximum of $2,500 in Bitcoin (BTC), Ethereum (ETH), or ERC-20 based tokens. Apart from this, the supporters of the campaign may donate up to $2,700 through Venmo, a PayPal owned mobile payment service.

In order to make donations in cryptocurrency, people will have to verify that they are eligible to vote by filling out a form. If they are approved, a cryptocurrency address will be sent out to them for making donations.

UBI, the idea that all individuals should receive some money every month regardless of their background or status, has been one of the main driving factors of the presidential campaign of Yang. This concept has also made its way into the crypto world with the launch of Swift Demand.

The concept of trying to balance the distribution of money appears to be one of the objectives of the Swift Demand platform, which is also one of Yang’s primary policies.

The second-generation Chinese American Yang is very fond of technology and has many a time demonstrated the same. His campaign events have been broadcasted via Twitch.tv which is a live video streaming platform that lets users accept tips in cryptocurrency. He has also used Instagram TV, a newly launched long-form video sharing platform, for his broadcasts.

The leader Yang believes in humanitarian causes which include the idea of universal basic income (UBI), which is a proposed payment program for a country’s citizens that has been strongly recommended by Facebook founder Mark Zuckerberg as well. If approved, UBI recipients would get a fixed amount of money each month from their government.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.