Gab, a social network created as an alternative to Twitter, has turned to BitPay, a blockchain payment processor that supports Bitcoin (BTC) and Bitcoin Cash (BCH), after being banned by PayPal (PYPL) and Coinbase due to the continued proliferation of hate speech found on the platform.
In a recent tweet, Gab claims that multiple banks that underwrite the payment processors are the drivers behind its struggles while claiming that its the prime example of why Bitcoin exists in the first place. However, it seems that Gab has struggled to leverage the current centralized crypto payment platforms.
Gab has been denied by multiple banks during the underwriting process for a new payment processor. Multiple processors supported us, their banks did not.
— Gab.com? (@getongab) November 21, 2018
“What we need now is the most user friendly way for our users to obtain bitcoin. Coinbase is off the list because they are centralized Silicon Valley insider trash that banned us,” adds Gab in a post.
As we previously reported, Gab had been banned from using PayPal as a payment processor following the shooting that took place last month at the Tree of Life synagogue in Pittsburgh, Pennsylvania, where 11 people were killed and at least 6 were injured.
The suspect, now charged with 29 criminal counts, has been identified by authorities as 46-year-old Robert Bowers, who has had a history of racially-charged, anti-Semitic speech on Gab without repercussions from the platform.
More: Gab Twitter Post
Photo: Marco Verch / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.