Blogs & Articles: Trump Breaks Ground as First President To Allow Bitcoin Lightning Donations for Campaign đź”— 14 weeks ago
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- Category: Blogs & Articles | BTC Times
- Author(s): Deniz Saat
- Published: 2nd June 2024 17:29
Donald Trump has become the first American President to accept Bitcoin Lightning Network payments for campaign donations.Â
This announcement signifies a major milestone in integrating Bitcoin into mainstream politics, demonstrating Trump's commitment to advancing Bitcoin's future in the U.S.
Trump's campaign has collaborated with OpenNode, a prominent Bitcoin and Lightning Network infrastructure provider, to facilitate these donations.Â
Supporters can now contribute to Trump's 2024 presidential campaign using Bitcoin via the Lightning Network, a technology designed for fast and low-cost transactions.
OpenNode and Anedot have partnered to integrate Bitcoin into political donations, merging Bitcoin technology with a platform for political and nonprofit organizations.Â
Last weekend, at a Libertarian Party convention, Trump pledged to promote a Bitcoin-friendly environment in the U.S., promising to secure the future of Bitcoin in the country and support the right to self-custody.
Trump: “I will support your right to self custody.”
— Joe Burnett, MSBA (🔑)³ (@IIICapital) May 26, 2024
Things are escalating. We are going to win. #Bitcoin is going to win.
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Being the first President in U.S. history to accept Bitcoin for campaign donations underscores Trump's broader strategy to appeal to the over 50 million Bitcoin and cryptocurrency investors in the country.