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US Treasury Now Accepts Venmo and PayPal Donations to Reduce National Debt
US Treasury Now Accepts Venmo and PayPal Donations to Reduce National Debt
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BTCCSquare news:
The US Department of the Treasury has quietly expanded its "Gifts to Reduce the Public Debt" program to include Venmo and PayPal donations. This initiative, active since 1996, aims to chip away at the $36.7 trillion national debt—a figure that has ballooned by 87% since 2010.
While the program has collected just $67.3 million over nearly three decades, Treasury officials frame the digital payment options as a way to democratize civic participation. The MOVE comes as Congressional analysts report the debt growing at nearly $55,000 per second—rendering individual contributions largely symbolic against the tide of structural deficits.
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