New Political Fundraising Platform For Bitcoin, Crypto Set To Launch In July

The new Engage Raise platform will enable federal political candidates to raise campaign funds through bitcoin and other cryptocurrencies starting in July.

  • Engage Raise, a new political fundraising platform exclusively for bitcoin and other cryptocurrencies, is set to launch in July.
  • The platform will allow political campaigns to manage donations and communicate with donors via messaging and events.
  • The CEO of Engage Raise’s parent company believes Bitcoin and the broader ecosystem will recover before 2024 elections.

Candidates for political office in the upcoming 2022 midterm elections could be able to accept bitcoin donations more easily with the launch of Engage Raise, a new fundraising platform exclusively for the burgeoning asset class, per a report from CNBC.

The new platform is set to launch in July 2022, ahead of the midterm elections, and will allow federal candidates to raise donations with bitcoin. Martin Dobelle, CEO of Engage Labs, parent company of Engage Raise, communicated with the reporters via email to give small details on the upcoming platform.

The CEO explained political campaigns will be able to process contributions to their platform with bitcoin through either a web browser or by utilizing a widget on their own websites.

“Candidates can use our platform to connect with the crypto and blockchain community via fundraising, events, and messaging,” Dobelle said.

The CEO continued to explain the platform has already seen nearly $1 million in pre-seed investments, noting much of the early interest is coming from business leaders.

Allan Keen, chairman for real estate firm Keewan Real Property, reportedly explained he invested into the platform believing it will help bring “the Democratic process further into the digital age, by allowing the acceptance of cryptocurrencies for campaign donations.”

The news of this upcoming donation platform comes as bitcoin and the broader cryptocurrency market is enduring a large market correction. Bitcoin has suffered a 70% downturn, dipping below $21,000 since its 2021 all-time high of over $68,000. However, recent slumps are not deterring Dobelle’s efforts.

“We’re optimistic that the broader market will recover, along with crypto, and that a major crypto up-cycle will lead into the crucially important election in 2024,” Dobelle said.


Share on facebook
Share on twitter
Share on pinterest
Share on linkedin
On Key

Related Posts

Third Biggest Whale Adds 1,416 Bitcoins In Last 2 Days; Will This Pump BTC?

Bitcoin (BTC) prices have slid by another 9% over the past 7 days. However, the whales have seized this dip opportunity to add more BTC to their wallets. Whale holds 132K BTCs According to the data, the third largest Bitcoin whale has bought around 1,416 BTCs in the last two days. Yesterday, the whale wallet

‘Big Short’ Michael Burry Says Bitcoin Crash Is Only Halfway Through

Michael Burry, the co-founder of Scion Asset Management, predicted on Twitter that the market fall is about halfway through. Pointing to the massive downfall in the S&P 500, Nasdaq, and Bitcoin prices, Burry predicted that the market went through multiple compressions, with earning compression to follow. Michael Burry became famous for predicting and profiting off

Breaking: El Salvador Buys 80 Bitcoin (BTC), Here’s How Prices Reacted

El Salvador President Nayib Bukele said the country purchased 80 Bitcoin on Friday amid a broader decline in the token’s prices. The South American country bought 80 Bitcoin at about $19,000 each, valuing the total transaction at $1.5 million. The buy appeared to have slightly boosted Bitcoin prices, helping them briefly retake $20,000. The buying