It’s Official: BackPage Forced into Cryptocurrency-Only Business

By July 2, 2015Bitcoin Business

The personal ad site Backpage has just had its payment processing terminated by both Visa and Mastercard, following termination by American Express last year. This week, a few phone calls from Chicago-area bureaucrats were enough to get Backpage officially sanctioned by nearly the entire banking establishment.

Rainey Reitman, activism director at the Electronic Frontier Foundation, wrote: "We shouldn’t have informal pressure from public officials forcing financial service companies into deciding which types of speech should […]

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