In a futuristic maneuver, the Texans for Greg Abbott campaign will accept Bitcoin contributions, according to a statement released on Thursday.
Supporters can contribute to the campaign with Bitcoin by visiting will now be accepted as a form of campaign contribution through http://www.gregabbott.com/.
"I'm excited to see our campaign add another tool to our cutting-edge digital outreach, which is allowing us to reach more Texans than any previous campaign in the state," said Texas Attorney General and gubernatorial candidate Greg Abbott. "The spirit of Bitcoin embodies the free market principles that make Texas a leader in innovation and entrepreneurship. We welcome the Bitcoin community to join our team."
The Texas Banking Commission and the Internal Revenue Service recognize Bitcoin as an asset as opposed to an actual currency, according to the statement. Bitcoin transactions will be processed as in-kind contributions to the campaign and will be reported accordingly on forthcoming campaign finance reports.