Bruce Fenton Announces His Bid for New Hampshire Senate
Bruce Fenton announced today through Twitter that he would be running for the US Senate representing New Hampshire.
He will be challenging incumbent Sen. Maggie Hassan (D-N.H.). Fenton will be seeking the nomination as a Republican. Fenton is a self proclaimed Bitcoiner and a "cypherpunk stockbroker". He is the former Executive Director of the Bitcoin Foundation, a now defunct non profit organization that worked to promote Bitcoin's development and adoption. In a Twitter exchange today, Fenton noted that he would rather "see the US dollar be backed by a real, hard asset like it used to be under the gold standard. Time for the #Bitcoin standard." With Maggie Hassan's current approval rating sitting at 33%, and the ever rising number of single issue Bitcoin voters, Fenton may stand a chance in the election granted he can get through the Republican Primary. You can learn more about his views on his website here, which he operates himself. Fenton plans to fund his initial campaign with $5 million of his own bitcoin.
Chandler, Arizona Will Accept Bitcoin, Ether, Litecoin for Utility Payments
Chandler, Arizona, a suburb of Phoenix has begun accepting Bitcoin, Ether, and Litecoin for utility payments according to a local new report. The payments will be processed through a customers crypto holdings in their paypal accounts, through "Invoice Cloud". Using the Invoice Cloud service, the funds will be converted to fiat, removing the necessity for the town to hold crypto. City Councilmember Mark Stewart said in a news release, “It’s about customer service for our residents. Digital currency and blockchain is advancing quickly, and as the Community of Innovation, we feel it is important to be on the forefront of this technology and offer it to our residents as a payment method for utility payments and other fees.”
As more and more individuals begin to store their wealth and capital in alternative forms of money (Bitcoin), expect trends like this to continue.