Will Twitter Follow Facebook and Google in Banning Crypto Ads

Image Source:newsbtc

Google looks to be following Facebook in cracking down on crypto-related ads and I do believe blocking certain crypto content seems justified. Ico's scams ripping off millions off investors with nothing more than a broken promise and no real objective shouldn't see the light of day. But Facebook blocking all cryptocurrency content including bitcoin seems more like a media filter. A filter to stagnate the spread of cryptocurrency knowledge and it's evolution. Simply put a defense mechanism, but that's another story for another day.

However, I agree with the article that the CEO of Twitter by the name of Jack Dorsey, is highly unlikely to follow these media giants because of his vested interest in his other company, Square. This article on newsbtc.com makes a great argument. Square does payment processing for merchants has integrated and will further integrate cryptocurrency into his platform.

Although Square has been criticized by some individuals for providing payment processing for "sketchier" businesses, it does provide a source of payment processing for all merchants equally, including the ones big banks reject.

I fully believe Jack Dorsey is more likely to use twitter as a stepping stone to expand Square. By the way, the price of Square stock has roughly tripled in a year and currently sitting at around 55 dollars.

DISCLAIMER: All statements and expressions are opinions, and not meant as investment advice. Information provided in this post is not personal investment advice and should be used as informative or entertainment purposes only. Seek guidance from a professional investment advisor or due your own due diligence before trading or investing.

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