PHILADELPHIA (CBS) – One candidate for President is accepting a unique type of donations.

Presidential hopeful Rand Paul says he’ll accept donations in virtual currency.

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The Kentucky Republican is allowing his supporters to donate to his campaign using bitcoins.

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He’s the first candidate for President to accept the digital funds.

Paul’s campaign will, however, have to convert any bitcoins to dollars before using them.

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And in case you’re wondering what bitcoins are, they’re described as a “consensus network that enables a new payment system and a completely digital money.” No banks are involved.