AUSTIN, Texas, April 11, 2014 /PRNewswire/ -- In conjunction with their 2014 Libertarian State Convention, the Libertarian Party of Texas announces that supporters may now give donations in the form of Bitcoin.
"Accepting Bitcoin offers our members and donors another option when it comes to financial contributions to the Libertarian Party of Texas," said Patrick Dixon, Chair, Libertarian Party of Texas. "I am very proud that our party is the first in Texas to accept Bitcoin."
The Libertarian 2014 state convention is taking place April 11-13 at the Frank W. Mayborn Civic and Convention Center in Temple.
Bitcoin is a digital currency and payment system first introduced in 2009. It eliminates the need for banks as a financial middleman, operates without transaction fees and is beginning to gain traction as a viable and attractive currency alternative.
"As Texans lose faith in the American dollar's value and reliability, they are looking for alternatives that will maintain the value of their hard-earned money," said Libertarian Member Manager Heather Fazio. "Bitcoin, and other decentralized digital currencies, offer new opportunities for people to break free from the banking industry's stronghold and, often punitive, monetary policies and options."
The Sunday lunch speakers at the convention, Michael Cargill, John Bush, Mick Truitt, Dr. Lucas Rentschler, and Ben Swann, will discuss "Bitcoin, Banks and Bailouts: How do Bitcoin, the Federal Reserve System, and crony capitalism affect the economy?"
The Libertarian Party of Texas believes in principles that let people live their own lives as they want and get the government out of our business. The Libertarian Party of Texas bases its philosophy on the core principles of Constitutional rights, personal responsibility, and limited government.
The Libertarian Party is the third largest and fastest-growing political party in Texas and in the United States. It is the only political party to advocate truly limited government, especially as established in the U.S. Constitution by our Founders.
* PHOTO: Send2Press.com/mediaboom/14-0411-Pat-Dixon_300dpi.jpg
* Photo Caption: Patrick Dixon, Chair, Libertarian Party of Texas.
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SOURCE Libertarian Party of Texas