Gab, the free speech social network whose main aim is to safeguard freedom of speech revealed that it has started to accept BTC. This news comes following the recent denial of services to the platform by banks and payment processing service providers. Coinbase and Bitpay similarly denied the platform their services and hence the decision to integrate operations with Btcpay server.
Bitcoin cash approval
The social network platform recently announced that it had completed the integration of Btcpay server. Their stores will henceforth transact using Bitcoin cash and Litecoin. The website was launched in 2016 as an alternative to Twitter. Ever since the free speech platform has been gaining popularity at a steady pace especially from people exiled from other social media platforms. Alex Jones, Ann Coulter, Stefan Molyneux, and Milo Yiannopoulos are just but some of the names that have been associated with the free speech social network.
“Literally no one can no-platform our new crypto-shop. No one. Not banks. Not the media. Not activists. Not online mobs,” read a tweet from Gab store. The website offers free accounts but also provides four levels of pro membership. Members are entitled to 3 months of service upon payment of $15, six months for $30, a year for $60, and five years for $200. The store also sells $25“Make Speech Free Again” ballcaps and uses Btcpay as the only mode of payment.
What is Btcpay?
Btcpay is a free, open-source payment processor that deals with payments involving different cryptocurrencies. It does not charge extra fees or transactions cost. According to Github page, “Btcpay is a non-custodial invoicing system which eliminates the involvement of a third-party. Payments with Btcpay go directly to your wallet, which increases privacy and security. Your private keys are never uploaded to the server. There is no address re-use since each invoice generates a new address derived from your xpubkey.”
Gab has been undergoing censorship issues for some time due to someactivities of its members. The integration means that the social platform is nolonger reliant on banks and other payment processing platforms and thusaccording it its much-needed independence