Gab Turns to Square's Cash App After Coinbase Allegedly Froze Its Account

Published at: Jan. 7, 2019

Controversial social media site Gab is reportedly now using the Cash App from United States-based payments firm Square to transact and receive Bitcoin (BTC) donations. The company’s official Twitter posted the announcement Jan. 6.

Founded in 2016, Gab is a social network which presents itself as a haven for uncensored speech online. It has risen to notoriety due to a perception that it serves as an “echo chamber” for “extremist,” alt- or far-right views — many of whose proponents have allegedly been banned from networks such as Twitter and Facebook on the grounds of their alleged violations of these platforms’ rules on hate speech.

More broadly, Gab targets a user base of libertarian, nationalist, populist or conservative leanings — or anyone who dissents from the content filtration, anti-disinformation, and data harvesting measures enforced by mainstream platforms, or “Big Tech.” The Gab app has notably been banned both by the Apple and Google App stores.

Gab drew particular scrutiny in fall 2018 after it was reported that the perpetrator of the Pittsburgh synagogue shooting, Robert Gregory Bowers, had posted on Gab indicating his immediate intent to do harm prior to the crime. Fiat payment processors such as PayPal and Stripe subsequently suspended their services to the company.

In December, it was reported that Gab’s corporate account on major U.S. crypto exchange and wallet service provider Coinbase had been closed, with media reports at the time citing the platform’s contentious reputation as possible grounds for closure.

Earlier this month, the personal Coinbase account of Gab co-founder Andrew Torba was also reportedly terminated, prompting the company to tweet in support of decentralized exchanges as the sole means of protecting censorship-resistant money.

Gab has used its Twitter handle multiple times to advocate for cryptocurrency as the route to “freedom from central banks, financial censorship, and a rigged financial system,” presenting its support of crypto innovation as one of the company’s three pillars — these being unapologetic maximalism in regard to free speech, Bitcoin and freedom.

A separate Gab tweet has nonetheless implied that decentralization should at times be sacrificed to allow for some degree of censorship, specifically in regard to child pornography.

As previously reported, Coinbase also shuttered the merchant account merchandise shop of the anonymous international publishing nonprofit WikiLeaks this April, reportedly due to a terms of service violation.

WikiLeaks had famously appealed to donors to contribute to its whistleblowing activities using cryptocurrencies in order to circumvent governments’ attempts to exercise a financial stranglehold on the venture.

Tags
Related Posts
Diem stablecoin co-founder praises Bitcoin for censorship resistance
Shortly after Meta, formerly Facebook, officially gave up on its stablecoin Diem, some of the key people in the project have become increasingly vocal about the uncensorable nature of Bitcoin (BTC). David Marcus, a co-founder of Diem, originally known as Libra, took to Twitter on Tuesday to predict that Bitcoin will be the number one asset in the next two decades. It’s become clear to me that #Bitcoin will be the one asset and L1 still around in 20+ years with increased compounding relevance over time. The #2 slot (for a different use case) is still tbd. #Ethereum is in …
Decentralization / Feb. 2, 2022
Finance officials pour cold water on cryptocurrency amid Coinbase celebrations
Finance officials from both sides of the globe are taking the opportunity to criticize the value and utility of cryptocurrencies as media focus intensifies on the space following Coinbase’s direct listing on the Nasdaq. Bank of Korea governor Lee Ju-yeol said cryptocurrencies had “considerable limitations” as a method of payment, following a monetary policy meeting on Thursday, reports local outlet KBS World. While asserting that it was difficult to accurately value cryptocurrencies due to their volatile price fluctuations, Lee said the BOK had not shifted on its stance that they had no intrinsic value. Lee also referenced United States Federal …
Adoption / April 15, 2021
Bitcoin Simply Existing Positively Impacts Monetary Policy: Research
The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. The argument was put forth in a paper published on Aug. 16 by Max Raskin (NYU School of Law), Fahad Saleh (McGill University) and David Yermack (NYU Stern), entitled “How Do Private Digital Currencies Affect Government Policy? 3 positive impacts of cryptos simply existing The analysis notes that as regards the global financial system, the question of cryptocurrencies’ influence is not confined to whether or not the majority of the population opts to use them. Rather, the …
Decentralization / Aug. 19, 2019
Is the Ukraine war intensifying regulatory pressure on crypto firms?
Whose side are you on? The Ukraine-Russia war is forcing people to answer that question. For some in the crypto community, this can be uncomfortable because if an individual or project stands with the West against Russia, it also means it abides by sanctions. This can be tough to square with crypto/blockchain’s supposed decentralized system and its claims on being borderless, censorship-free and distributed. Take OpenSea, the NFT marketplace, which really isn’t a decentralized project but is often described as such. “OpenSea is a decentralized peer-to-peer marketplace for buying, selling and trading rare digital goods,” according to CoinMarketCap, for instance. …
Decentralization / March 11, 2022
Here’s what’s happening in Web3 across Africa
Whatever you prefer to call it — crypto, blockchain or Web3 — this new segment of the digital economy is booming across Africa. If you’ve been sleeping on the sector, now’s a good time to wake up. Why? Well for one, according to analytics firm Chainalysis, Africa’s crypto market increased in value by more than 1,200% between July 2020 and June 2021. Led by especially high adoption rates in Kenya, South Africa, Nigeria and Tanzania, Africa had the third-fastest growing cryptocurrency economy worldwide during that period. And that’s not all. Chainalysis also found that Africa leads the world in the …
Decentralization / April 10, 2022