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Gab’s First $100k Revenue Month: Thanks, Bitcoin

For those of you who don’t know, Gab has been banned by dozens of payment processors over the past two years. We can’t use PayPal, Stripe, Square, or any of the top ways to exchange money on the internet.

We’ve also been banned from many cryptocurrency payment platforms like Coinbase and Bitpay. To top it off, it’s not only Gab as a business that is being targeted. My family and I have also been blacklisted by VISA for merchant processing.

Gab has always accepted bitcoin, or free speech money, but once we could no longer accept credit or debit card purchases to operate our business we learned how crucial bitcoin is for the future.

Bitcoin allows anyone in the world to store value digitally and transact in a way that is secure, censorship-resistant, and doesn’t require permission or approval from any government, corporation, or bank. Increasingly businesses like Gab and individuals like me are being cut off from traditional payment processing, banks, and more.

Bitcoin solves this problem.

As a Christian I fear that what has happened to both Gab and my family will soon start to happen to other Believers. This is why we spend a lot of time at Gab working to educate our community about the importance of understanding and using bitcoin. There very well might come a day soon when churches, missionaries, and Christian organizations can only accept bitcoin to fund their operations.

I’m here to tell you that if it comes to that, we will be okay. This month against all odds Gab had our first six figure revenue month in our four year history. This is without one single credit or debit card transaction, which makes it all the more impressive.

We are so humbly grateful to our growing community for their support to make this happen. Gab is and always has been funded by our community. The great people on Gab are our customers, investors, volunteers, and some have even become employees.

Our community members come from all different races, creeds, beliefs, and places but share one thing in common: they cherish and work to defend free speech online for all people.

We want to also thank God for bitcoin. Bitcoin makes it possible for Gab to generate revenue and scale our rapidly growing community.

Any Gabber from around the world can purchase bitcoin from an exchange and use it to support Gab. They don’t need permission from any third-party payment processor in order to do this.

We are excited to continue building the home of free speech online funded by the biggest community of free speech warriors on the planet and with bitcoin, free speech money.

Thank you and God bless,

Andrew Torba
CEO, Gab.com
Jesus is King
November 24th, 2020