Free Speech Platform Gab Developing Big Tech Alternative GabPay Payment Processor
Free speech internet company Gab announced the development of a GabPay online payment processor this week, standing to deliver one of the first standing financial institutions of what its founder Andrew Torba has dubbed the “parallel economy.”
GabPay offers to deliver an opportunity for conservatives in the online economy to “spend your processing dollars with companies who share your values rather than major monopolies who’ve hijacked our payment processing sectors. We must first begin to vote with our dollars to cripple these “woke” processing companies while we continue to explore new payment methods that don’t contribute to causes we directly oppose.”
GabPay’s administrators have clarified that building a truly uncancellable financial institution is a tall order, with any project of its kind potentially liable to denial-of-service measures from credit card companies Visa and MasterCard. As of now, GabPay is accepting pre-applications from businesses and merchants, providing them with a means to reserve use of the service. GabPay is promising not to utilize the instant cancellation tactics of establishment financial institutions such as PayPal or Stripe; instead assessing each potential merchant according to national banking standards from the get-go and providing an honest assessment of the ability to provide banking services.
Gab has proved more resilient than competing “free speech” social media platforms, incurring consistent growth since its foundation in 2016 as sites with similar aims collapse under the weight of Big Tech blacklisting and liabilities to the modern-day internet’s hegemonic infrastructure.
GabPay could ultimately render notoriously biased online payment processors such as GoFundMe and PayPal irrelevant, providing conservatives with a financial medium from which they won’t have to worry about a sudden deplatforming and politically slanted service.
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