‘Draft Biden 2016’ Committee Now Accepting Bitcoin Payments

Joe Biden’s Committee announced today that is now accepting bitcoin donations from supporters.

Photo: Draft Biden 2016

Photo: Draft Biden 2016

Draft Biden 2016, a political action committee pushing for U.S. Vice President Joe Biden, announced Friday that is now accepting bitcoin donations from supporters. It’s the first national Democratic movement to accept the most popular virtual currency.

“This is in keeping with Vice President Biden’s strong support of technology and innovation throughout his career,” said the group’s director Joseph  in a statement, according to The Hill.

“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,” Mr. Schweitzer added.

Draft Biden 2016 said it would limit bitcoin donations to $100 per person in light of unresolved questions about how Federal Election Commission (FEC) regulations relate to virtual currency. The website would also require bitcoin donors to identify themselves via an online contributor form.

Photo: Draft Biden 2016

Photo: Draft Biden 2016

Draft Biden 2016 unveiled a logo (see above) earlier this year depicting the vice president driving a corvette with the slogan “I’m riding with Biden.” The image appears in the same style as President Obama’s iconic “Hope” logo from his 2008 campaign.

The Draft Biden 2016 super PAC was formed in mid-March, and had only $6,500 banked at the end of that month, its FEC report shows.

Joe Biden hasn’t publicly stated whether he plans to seek the presidency in 2016. Should he run, he would compete for his party’s nomination with Democratic front-runner Hillary Clinton, as well as Sen. Bernie Sanders and former Rhode Island Gov. Lincoln Chafee.

In april this year, Rand Paul, the libertarian senator from Kentucky, made an announcement that his supporters have the option of making donations to his campaign using Bitcoin. Rand Paul’s website Stand With Rand will certainly accept traditional payment methods as well, such as credit cards and the online service PayPal. However, so far he remained the first declared candidate in the 2016 race to fund his White House bid with digital currency.

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