Due to Bitcoin, Gab has achieved its first $100,000 income in a month, stated Andrew Torba, the social networking service CEO.
For the primary time in its 4 12 months historical past, Gab noticed a six-figure income that too with out a “single credit score or debit card transaction.”
In his publish on Tuesday, Torba shared how Gab has been banned from not solely dozens of fee processors like PayPal, Sq., and Stripe but in addition many crypto fee platforms like Coinbase and Bitpay.
Moreover the enterprise, Torba stated he and his household have additionally been “blacklisted by VISA for service provider processing.”
Calling Bitcoin “free speech cash,” he stated the digital asset has been essential for his or her future, serving to not solely companies like Gab and people like him however all these companies and people who find themselves being reduce off from the banks conventional fee processing strategies.
Bitcoin solves this downside, and as such, they’re spending “plenty of time at Gab working to coach our group in regards to the significance of understanding and utilizing bitcoin,” stated Torba.
The platform accepts eCheck and checks by mail in addition to bitcoin as fee choices.
“We’re excited to proceed constructing the house of free speech on-line funded by the most important group of free speech warriors on the planet and with bitcoin, free speech cash.”