Draft Biden 2016 Now Accepting Bitcoin Donations

Draft Biden 2016 will be the first national Democratic movement to accept the virtual currency bitcoin starting immediately.

“This is in keeping with Vice President (Joe) Biden’s strong support of technology and innovation throughout his career,’’ said Joseph Schweitzer, the organization’s finance director. “Ready your mobile wallet and you’ll be able to simply scan-and-donate. There’s no hassle with a card number, no delay, and unparalleled cryptographic security.’’

Biden has fought for the expansion of Internet access, to keep local governments from taxing Internet commerce and declared it a public space that should be a protected and developed as a force for democracy.

Bitcoin is a virtual currency that features immediate, secure transactions with no delays. Over the last five years communities of users have grown exponentially as the virtual currency’s value increased. Last year, the US Federal Elections Commission gave its approval for bitcoin fundraising as a type of in-kind donation.

Due to lingering questions in the wake of the FEC ruling, Draft Biden 2016 will limit bitcoin donations to $100 per person and require donors to fill out an online form identifying themselves.

Draft Biden 2016 is dedicated to coordinating support for Vice President Biden in the hope he runs for President. It’s a pro-Democratic organization looking to empower and embolden the entire party by creating the strongest debate and best platform possible.

“By accepting bitcoin, candidates can expand their donor base and give their existing supporters a new and innovative way to support them,” said Elizabeth Ploshay of BitPay. “It’s a technology growing in popularity, and BitPay is able to provide a service that meets the rigorous accounting and compliance standards associated with a presidential campaign.”