Posted on 03/03/2021 3:54:11 AM PST by Helicondelta
Gab, the social network known for its Christian values and uncompromising stance on freedom of speech, says it has been deplatformed from three different banks over negative coverage in the legacy media. The latest actions are part of a multiyear wave of blacklisting by tech companies and financial institutions intent on shutting Gab down.
The founder and CEO of Gab, Andrew Torba, told Breitbart News that “Gab was banned from three different banks,” describing the one justification provided to him as “the bad things the press has written about us.”
This isn’t the first time Gab has been targeted for blacklisting by third-party companies. In 2019, payment processing services PayPal and Stripe cut off service to the social network, and credit card companies followed a year later. The social network has also been blacklisted by the Apple App store and the Google Play store, hampering its ability to reach consumers on smartphones. Google and Mozilla, creator of the Firefox web browser, also banned a Gab commenting extension from their browsers.
Torba said his company would not be dissuaded in its mission to build a “free speech internet,” and argued that opponents of cancel culture must move forward to build the “free speech economy” too.
(Excerpt) Read more at breitbart.com ...
btt
One of the only reasons I can see why Bitcoin makes any sense at all.
Gab is an example of "The Digital Gulag" in action.
Bitcoin and other blockchain currencies will take off and kill banks once they achieve common use.
I wasn’t seeing a blockchain currency as viable until now.
Conservatives might have to develop their own banking financial institutions
We have been shut out of culture, finances, universities and media.
Mostly we’ve been shut out through culture and not by law enforcement per se.
That will be fixed sooner than you think though.
Gab.com needs to acquire financial stability if it wants to continue to exist and expand.
That’s an interesting take, but I don’t see how a digital currency helps in a situation like this. Gab need to find vendors and suppliers that will help it stay in business; the payment process is secondary to the real problem they’re facing.
There is no freedom of expression in this country. The Constitution forbids suppression of free speech by the government, so the government farms that job out to banks and social media. They suppress truth, and the government is happy.
Related to this, we had an article a few days ago about biden restarting obama’s “Operation Choke Point” too. Same song, 2nd verse - biden will be going after gun dealers, pawn shops and payday loan operations, among others, by pressuring banks to shut down their accounts.
obama shut down a number of these businesses by shutting them out of the banking system. No bank account, no business. Worse than shutting off their phone. Can’t cash customers’ checks can’t take credit or debit card transactions, no small business loans...
And biden is restarting it right now.
New banks are starting up.
“On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is now the first SPDI bank in Wyoming. According to the Wyoming Division of Banking’s general counsel, Chris Land, Kraken will also be the first newly chartered (de novo) bank in the state since 2006.”
https://www.coindesk.com/kraken-crypto-exchange-secures-bank-charter-under-wyoming-law
We might see financial innovations from all of this.
Interesting.
Are the owners suing the banks, credit companies etc?
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