Former President Donald Trump has become the first U.S. presidential candidate to accept Bitcoin donations through the Lightning Network.
Partnering with OpenNode and Anedot, Trump's campaign is also accepting donations in multiple cryptocurrencies, reinforcing his commitment to positioning the U.S. as a leader in the crypto industry.
Discover the impact of this pioneering move on the 2024 presidential election.
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First U.S. Presidential Candidate to Adopt Lightning Network
Former President and Republican candidate Donald Trump has become the first U.S. presidential candidate to accept political donations through Bitcoin's Lightning Network.
The Lightning Network is a technology that enables quick and low-fee transactions of small amounts of Bitcoin, widely used for everyday Bitcoin payments and microtransactions.
Donald Trump had already started accepting donations in various cryptocurrencies since May 21 for the upcoming U.S. presidential election in November 2024.
The recent addition of Bitcoin donations via the Lightning Network marks a significant expansion of his campaign's cryptocurrency acceptance.
Fast and Low-Cost Bitcoin Donations
Sending Bitcoin on the main network typically incurs transaction fees of several dollars and takes several minutes. In contrast, the Lightning Network allows for instant BTC transfers with fees amounting to just a few cents.
To facilitate Bitcoin donations via the Lightning Network, Trump's campaign has partnered with major infrastructure provider "OpenNode" and donation tool developer "Anedot."
Trump is the first presidential candidate in the U.S. to accept Bitcoin donations through the Lightning Network, an initiative seen as a crucial step towards broader Bitcoin adoption in the country.
Trump's Proactive Cryptocurrency Adoption
Donald Trump has consistently voiced support for the cryptocurrency industry, aiming to position the U.S. as a leader in the crypto space. His campaign is accepting donations in various cryptocurrencies, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- USD Coin (USDC)
- XRP (XRP)
- Dogecoin (DOGE)
- 0x Protocol (ZRX)
- Shiba Inu (SHIB)
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