The domain registrar Epik claims that this step is politically motivated and should take the platform away from the conservative voice.
According to an article on Mashable, PayPal no longer serves the domain registrar Epik because there is a risk that the company will do money laundering via its „alternative currency“ Masterbucks
In a series of open letters, however, Robert Davis, senior vice president of strategy and communications at Epik, suggested that with this move, conservative voices should be deprived of the platform.
Bitcoin Cycle offers domain services to right-wing extremist websites, including Gab and the Proud Boys. Threat e-mails were recently sent to democratic voters via the „Proud Boys“ domain. Iran is said to have been the mastermind .
The Masterbucks currency is the epic solution for the „lack of conventional liquidity“. According to the company, this is „one of the greatest structural challenges that the domain industry has to overcome today“.
Masterbucks can be used for transactions within the Epik network or converted into US dollars
An archived version of Epik’s Masterbucks website also advertises the currency’s tax benefits. However, this has since been removed.
An unnamed source, cited by Mashable, claimed that Epik failed to meet legal requirements for such a currency and is calling for tax evasion. PayPal reportedly notified Epik of the issues over a month ago and tried to find a solution before the account was supposed to be closed for good.
How Cointelegraph reported PayPal announced last week that in 2021 in the cryptocurrency market to want to enter. Users should be able to make payments in Bitcoin ( BTC ), Ethereum ( ETH ), Litecoin ( LTC ) and Bitcoin Cash ( BCH ).