2020 US presidential candidate to accept cryptocurrency donations

IANS  |  Washington 

Andrew Yang, a second-generation Chinese American running for the 2020 US as a Democrat, has announced his acceptance of as forms of donation, according to Yang's campaign.

The campaign on Monday announced that it can accept Bitcoin, Ethereum, and anything on the ERC20 standard within a maximum of $2,500, reports

payments of up to $2,700 are also acceptable.

The campaign has also used other tech innovations including and TV to live broadcast campaign events.

Donors will receive a form that will allow the campaign to verify their voter qualifications, after which it will send a wallet address to allow them to make donations.

Yang, 43, founded the New York-based entrepreneurial fellowship organisation called Venture for

He authored a book called "The War on Normal People" which argues in favour of a universal basic income of $1,000 a month for all US citizens between the ages of 18 to 64.

He also opposes and

Yang favours a new type of capitalist economy called "human capitalism" that is geared to maximise human well-being.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 31 2018. 12:50 IST