On 30th July Monday, there was an announcement by the Yang’s campaign that it can accept cryptocurrency donations.

Andrew Yang, who is a second-generation Chinese American, is running for the 2020 US presidential race as a Democrat has announced the cryptocurrency acceptance in the forms of donation, according to his campaign.

The campaign will be accepting BitcoinEthereum, and anything similar to the standard of ERC20. According to Xinhua news agency, the maximum amount is kept at $2,500 and in the case of Venmo payments, $2700 is acceptable.

The technology has been used fully in the Yang’s campaign. They broadcasted the live events of the campaign using Twitch and Instagram TV.

The donations are to be made following a few steps. The donors will receive a form, which will help the campaign to verify their voter qualifications. Following this step, it will send a cryptocurrency wallet address which will allow the donors to make the donations.

Andrew Yang, 43, founded Venture which is the New York-based fellowship company in America. He wrote, “The War on Normal People”, which is a very famous book that favors the universal basic income of $1,000 a month for all US citizens who are in the age range of 18 to 64.

Yang opposes artificial intelligence and automation technology. He is in favor of a new capitalist economy which is known as “human capitalism”. It is initiated to maximize the human well-being.

Let us know your thoughts on the acceptance of cryptocurrencies for donations, in the comments below!!

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