Over at the CCN [ccn.com], Gab is having trouble even getting its bitcoin on.
The declaration by free speech social network Gab that the firm was still allowed on Square’s bitcoin-friendly Cash App after being banned on other platforms may have been premature.
This emerged after the social media platform that is occasionally referred to as “alt-right Twitter,” over its popularity with extremist right-wingers, disclosed that the personal Square Cash account of the firm’s founder and CEO, Andrew Torba, had been deactivated.
Things like this are just bad for business.
Earlier this month as CCN reported, Gab had posted a tweet that gave the impression that Square’s Cash App — which allows users to buy and sell bitcoin — had reactivated Gab’s access. According to Breaker magazine, Square might have unknowingly reactivated an account belonging to Gab but will continue to “pro-actively delete any new accounts that it learned were connected with Gab.”
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Besides Square, other platforms that have banned Gab in the recent past include cryptocurrency exchange Coinbase, online payment processing firm Stripe, bitcoin payment service provider BitPay and online payments system PayPal.
Currently, bitcoin, as well as money orders and checks sent to its post office address, are the only ways for Gab to process payments for its premium service, GabPro. On January 8, Gab announced that it had integrated with open-source crypto payment processor BTCPay Server.