SACRAMENTO (CBS SF) — California Lt. Gov. Gavin Newsom is among the first big-name politicians to accept campaign donations in the peer-to-peer payment system known as bitcoin.

Newsom joins politicians such as Colorado Rep. Jared Polis and Oakland mayoral candidate Bryan Parker in accepting the so-called virtual currency, or cryptocurrency, which is not controlled by a single entity and can be sent electronically, with payments recorded in a public ledger.

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Earlier this month, the Federal Election Committee voted unanimously to allow bitcoin for political donations to candidates.

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Washington Post finance and political reporter Matea Gold told Southern California Public Radio the real value in bitcoin donations sending a message to donors they are current with the times and open to technology.

“Realistically, we’re not going to see a huge amount of bitcoin donations,” said Gold. “I don’t know how many candidates will be eager to get this currency considering its value fluctuates so much.”

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