Coinbase, a digital currency exchange headquartered in San Francisco, California, recently banned both Gab’s merchant account and Andrew Torba’s personal account, as per the official Gab.com tweet on Friday, Jan. 4th 2019.
Gab’s merchant account on Coinbase was allegedly closed in early Dec. 2018, and was also rejected by BitPay. Gab was being denied a crypto payment processor, owing to its support for mainstream banned people for hate speech. Gab, which self-describes it as a social network that champions free speech, individual liberty and the free flow of information online, claims to welcome all, to share their words.
In Oct. 2018, Gab landed itself in controversy, when Pittsburgh shooter, used the social networking platform, to post a final message before he started shooting in a Pittsburgh synagogue, killing 11 people. After the shooting, Andrew Torba, the founder & CEO of Gab, released a statement, saying that the Pittsburgh shooter did not represent the social media site.
Earlier in Apr. 2018, Coinbase also suspended the merchant account of WikiLeaks, an international non-profit organization that is well known for publishing secret information, news leaks, and classified media often provided by anonymous sources, owing to terms of service violation. In Dec. 2017, WikiLeaks’ founder, Julian Assange, urged donors to contribute to the non-profit organization in cryptocurrencies, namely Bitcoin, Litecoin, Monero, and ZCash, in an attempt to overcome the financial blockade by national governments.