21:30 GMT +319 September 2018
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    In this March 20, 2015, file photo, Sen., Rand Paul, R-Ky. speaks in Manchester, N.H.

    Rand Paul Accepting Bitcoin Contributions for Presidential Campaign

    © AP Photo / Jim Cole, File
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    Rand Paul has announced he is accepting Bitcoin contributions to his presidential campaign becoming the first presidential candidate in American history to do so.

    Visitors to his website can contribute up to $100 in the crypto currency.

    The Republican libertarian’s move coincides with his attempt to portray himself as a staunch critic of excessive government surveillance and a champion of Internet freedom. For his campaign, he’s seeking support from “younger, technology adept voters,” especially those leading innovation in Silicon Valley.

    His connection to Bitcoin also places him in line with his father Ron Paul, who is known for aggressively suggesting the United States return to a gold standard and criticizing the Federal Reserve.

    Although some congressional and state candidates began accepting Bitcoin donations last year, Paul is the highest-profile candidate to align himself with this type of currency. 

    Some analysts have expressed concern that bitcoin will simply add another challenge when it comes to transparency in campaign funding but Paul is not likely to be the only 2016 candidate who accepts the online currency.

    Tags:
    2016 election, presidential election, elections, 2016, campaign, bitcoin, Ron Paul, Rand Paul
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