Welcome!

News Feed Item

PayStand Platform Drives Bitcoin Donations for Candidates

Bitcoin Political Contributions Go Mainstream in This Election Cycle; New Hampshire Candidates Embrace New Donation Option

SANTA CRUZ, CA -- (Marketwired) -- 07/24/14 -- PayStand, a next generation online payment solution which accepts Bitcoin as well as traditional forms of payment, is in the forefront of the newest wave of political contribution as Bitcoin donations start to hit the mainstream. With the May decision by the Federal Election Commission making Bitcoin an acceptable and legal form of currency for campaign donations, candidates are now adding Bitcoin to their campaign fundraising efforts. For roughly a dozen New Hampshire state senate candidates, PayStand's solution is making political donations with these new next-generation payment methods easier than ever.

New Hampshire, leading the currency revolution, was ranked as having the most Bitcoin transactions per capita of any state in the US. As a result of the recent FEC ruling, political candidates from the state are opening up their campaigns to receive Bitcoin donations. State Representative Mark Warden, a Manchester Republican, is reportedly the first sitting elected official in the country to take donations by Bitcoin. About a dozen state Senate candidates in New Hampshire are now able to accept Bitcoin donations, incorporating the PayStand platform on their donation web pages, for the first time making it easy for supporters to make a next generation Bitcoin contribution alongside legacy credit card methods.

"It's important for government leaders to listen to their constituency," states Andrew Hemingway, a New Hampshire Republican gubernatorial candidate. "New Hampshire is known as the Live Free or Die State and we have always been very strong in our independent ideals. The state has spoken -- they want the opportunity to use innovative and convenient payment alternatives. I am happy to accept Bitcoin as political donations and want to make it as simple a process as possible for my supporters to do that. Cryptocurrency like Bitcoin is the wave of the future and I want to do everything I can to allow people to use it -- including for political donations of all sorts."

By allowing eCash (Bitcoin), eCheck (ACH), and all major credit cards, PayStand is the first and only payments service to easily allow digital currency and more traditional payments all at the same time. The convenient integration and one-click checkout is helping PayStand bring Bitcoin to the mainstream. The seamless Bitcoin donation process makes PayStand a very easy all-inclusive donation platform for candidates. The solution's intuitive payment interface works with any website, social network, or mobile application and eliminates the need for extra programming, additional software, or a separate merchant account.

"Bitcoin is absolutely moving quickly into all facets of our lives. This election cycle is really the first where Bitcoin is talked about and used for donations, now that the FEC has approved it. And with more and more businesses -- and even now the State of California -- accepting Bitcoin as a form of currency, it is becoming essential to include cryptocurrencies as a payment option," said Jeremy Almond, CEO, PayStand. "From day one PayStand has included Bitcoin among all other forms of payment and we are thrilled to be on the leading edge in the political donation process in New Hampshire and throughout the country."

"The candidates we've endorsed understand that Bitcoin represents the kind of market-driven innovation this state needs to succeed in today's global economy," said Aaron Day, chair of the RLC of New Hampshire. "PayStand offers a comprehensive, turnkey solution for candidates -- and political organizations like ours -- dependent on donations for victory."

Among other New Hampshire candidates accepting Bitcoin are Eileen Landies and Kevin Avard. For more information about PayStand, visit www.paystand.com.

About PayStand
PayStand is a next generation online payment solution that enables organizations to quickly and easily accept credit cards, eChecks, and Bitcoin with one monthly fee and no transaction costs, enabling better convenience and choice for merchants and buyers. The PayStand "Payments as a Service" business model is fairer to merchants and offers transparency and flexibility to consumers. An all-in-one solution for accepting payments online for merchants, non-profits and service providers, PayStand provides all the elements necessary to set up online commerce in as little as five minutes. PayStand is backed by top-tier Silicon Valley venture capital firms and is a 2014 TiE50 Start Up winner. For more information, visit PayStand.com.

Media Contact:
Erica Zeidenberg
Hot Tomato Marketing
925-631-0553
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Announcing Poland #DigitalTransformation Pavilion
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
CloudEXPO | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.