Andrew Torba’s Personal Merchant Account Blocked by Coinbase

Jan 5, 2019 at 21:30 Update Date :Jan 5, 2019 at 21:30 UTC

The personal merchant account of Gab’s Founder, Andrew Torba, has been banned by Coinbase. The media reports say that Coinbase has terminated all the processes running on Andrew Torba’s merchant account.

According to the reports of Breaker, the business account of Gab – a social media platform was allegedly shut down in December. It has been predicted that reason, why Gab was not obtaining a payment processor, is its image as the social network platform for people who have been banned from other platforms for their hate speech.

Earlier in October, the social network Gab was used by the shooter in Pittsburgh where he posted a final message before attacking a synagogue, says the past reports of the New York Times.

On the same incident, the founder Andrew Torba said that shooter can’t be used to portray the user base of the social media website Gab.

The news of banning the merchant account was confirmed through the official tweeter handle of Gab.com.

“As predicted: the on ramps and off ramps (exchanges) are going to start censoring not only companies, but also individuals. @coinbase has now banned both Gab’s merchant account and Andrew Torba’s personal account. Decentralized exchanges are the future.”

Gab represents his goal as a social network that helps to raise free speech – a platform that welcomes the liberty of a citizen and helps in the free flow of information on the Internet.

As earlier reported by the news media outlets, the merchant account merchandise shop of WikiLeaks – an anonymous international publishing nonprofit has been closed down due to the service violation case.

The founder of WikiLeaks, Julian Assange, in December 2017, requested the donors to contribute cryptocurrencies to their online publication. However, in December 2018, Time reported that the liberating potential of Bitcoin can aid the economic flow – without being indulged in the reach oppressive government.

The reports of the Time also stated the increasing frauds and greed in the cryptocurrency and blockchain industries have overshadowed the real invention idea of Satoshi Nakamoto.

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