In Radical Step, the Libertarian Party of Texas Accepts Bitcoin in Donation

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In Radical Step, the Libertarian Party of Texas Accepts Bitcoin in Donation
In Radical Step, the Libertarian Party of Texas Accepts Bitcoin in Donation

In Radical Step, the Libertarian Party of Texas Accepts Bitcoin in Donation

The official website says that the Libertarian Party of Texas is the first political party in Texas to accept Bitcoin. Thus, the political party was unable to keep itself out from the latest rage in politics which is being accepted not just by Democrats but also some Federal-level politicians including the ones from Republicans.

In the announcement the Libertarian Party of Texas says, “We fully support and endorse free markets, open systems, and creative innovation. We embrace this and any other experiment in an alternative form of currency as it is fully in alignment with our philosophy of privacy, prosperity, and freedom for all.”

Fundamental Guidelines for Donors

However, there are certain guidelines for donors who are willing to pay to the party. The first condition is that before making a donation, donors are asked to confirm that they are a United States citizens or a permanent resident alien. Secondly, the contribution is not made from the general treasury funds of a corporation, labor organization, or national bank.

Thirdly, the contribution is not made from the treasury of an entity or person who is a federal contractor. Fourthly, the funds they are donating are not being provided to them by another person or entity for the purpose of making this contribution. And lastly, the contributor name, address, employer, and occupation information is accurate and complete.

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Thus, all those who fulfill these conditions may pay donation to the Libertarian Party of Texas from the smallest amount equivalent to $10 to the highest amount $25,000. Earlier, ForexMinute had reported that the Libertarian party of Canada started accepting Bitcoin and that way the libertarian endorsement of Bitcoin in politics is unsurprising.

The people behind the foundation of libertarian parties in the US and Canada is averse to central authority and that is also the fundamental philosophy behind the development of Bitcoin. This digital currency is not being controlled by any authorities or cannot even be manipulated by any government.

Corresponding With the Idea of Libertarianism

The concept of Bitcoin is in commensurate with Bitcoin and there is a lot of literature available to prove this point. Over the years, digital currencies have attracted a large number of people. In fact, according to an online survey by Lui Smyth, a University College London researcher close to 44% of Bitcoin users self-identify as libertarians.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com