Everyone who has used a Bitcoin just once knows and understands how simple it is to use the cryptocurrency in general. But despite being easy to use, there are still issues when you want to donate Bitcoins to a politician, despite being made legal by the Federal Election Commission.
CoinVox is now looking to make it easy for Bitcoin users to donate Bitcoins to politicians without having to worry about any laws, TechCrunch reports. Politicians now simply need to open an account with CoinVox and declare that they want to accept Bitcoin donations from users and CoinVox will ensure that all donations are done accordingly with the rules and laws and then send the money to the politician.
“In addition to its donation platform CoinVox offers technical support advice and access to the best legal experts, donors, and consultants from the Bitcoin community,” Christopher David, Founder of CoinVox said. “We plan to be the one-stop shop for connecting politicians and nonprofits to the Bitcoin economy.”
CoinVox are working together with official campaign finance attorney's, ensuring that all money are accounted for the correct way so that no problems can occur from receiving Bitcoin donations. The laws itself are pretty complicated, as it states that one can only send $100 worth of Bitcoins in donations, but that the cap is $2,600 per campaign and $5,000 per PAC, further noting that no one would get in trouble for donating more than $100.
“We charge no added fees per transaction. For the remainder of the 2014 election cycle we will charge no setup fees for our basic donation platform. We will only charge for advanced integration or consulting,” David said and added:
“In addition to its donation platform CoinVox offers technical support advice and access to the best legal experts, donors, and consultants from the Bitcoin community,”