Federal Election coming up? Well now, you can donate to your fave candidate in crypto. Elections will still be an absolute sideshow however.
Elections are becoming quite the circus, especially elections in the United States. It’s enough to make anyone wish a DAO would take over and make all our decisions by silent, quiet, calm vote. And yet. We still have a few totally gross elections ahead of us before that fantasy happens.
For crypto lovers, there is light at the halfway point of the tunnel. You can now donate to a campaign using cryptocurrency.
Federal election donations
According to the company accepting the crypto, it is the first major federal election donation platform to take donations in crypto. The company, called Crowdpac say they will simplify the donation process and ensure that campaigns using their services are in compliance with Federal Election Commission regulations.
Crowdpac’s Christopher Tavlarides said, “Donors on Crowdpac understand the power of tech and want it to be used to support the politicians and issues they care about. By accepting crypto, Crowdpac is helping its members innovate and break free from big partisan processors that favor the entrenched status quo and do not accept these innovative payment methods.”
How the crypto reaches the candidates
Crowdpac say that when crypto is donated, “the donation is liquidated and funds passed on to the campaign via direct deposit or check, ensuring that campaigns receive and can use the donation immediately.”
Crowdpac claim they have four million users and 360,000 donors. 65% are women and minorities. Said Tavlarides, “We are making it simple for grassroots candidates traditionally left out of the political process to compete and win. More Americans than ever – at least one in five – are now using cryptocurrency. We want them to know that they can and should put crypto to work to amplify their voices.”
Launched in 2014, Crowdpac has raised over $32 million in pledges and contributions. Donations average $53.37.
In the meantime, a Japanese startup company just received a development grant to build a blockchain-based electronic voting system with embedded user ID. Hopefully, this means that voting will be a much less gross thought.