Gab seeks $10M fund raise to decentralize and use "Free Speech Money" Bitcoin

posted 15 days ago
Social media platform Gab made a bid to seal $10 million in a Series A crowdfunding round that will enable it decentralize its infrastructure and integrate bitcoin (BTC) and Lightning Network payments. Founded in 2016, Gab welcomes users who have been banned from sites like Twitter and Facebook for their alleged violations of hate speech rules.

Gab has been “no-platformed” by payment processors that include Paypal, Stripe, Coinbase, Bitpay, and others: “Our plans [...] are to integrate Bitcoin and Bitcoin's Lightning Network tooling into our line of free speech products to empower our users to facilitate commerce, tip one another, and be more free from corporate censorship and control. A new “open source, free speech-oriented” Dissenter Web Browser has also been released, complete with a native ad blocker and a Comment Extension. As well as coming with integrated bitcoin and Lightning Network wallet functionality. Gab.com claims it has almost 1 million registered users, with its top five markets in the United States (51%), Brazil (10%), the United Kingdom (6%), Canada (6%), and Germany (6%) as of 2019. Gab app was banned by Apple and Google App stores.
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