Andreas Antonopoulos Slams Intuit After Payments Block for Crypto Use
Andreas Antonopoulos Slams Intuit After Payments Block for Crypto Use
Accounting software company Intuit allegedly requested that Antonopoulos altitude himself from cryptocurrency while halting his ability to take credit card payments.
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American financial software visitor Intuit has plainly limited the account of one of the cryptocurrency industry's all-time-known figures, Andreas Antonopoulos.
In a series of tweets on Dec. 4, Antonopoulos stated that Intuit had prevented him from accepting credit card payments via its bookkeeping services due to his use of cryptocurrency.
According to Antonopoulos, who undertakes regular international tours as a speaker and educator on Bitcoin (BTC) and associated topics, the company fifty-fifty requested he stop referencing cryptocurrency on his official website. Commenting on the events, he appeared to reject to comply:
"Intuit Merchant Services @intuit just told me that I tin't be using crypto if I accept credit cards for my invoices. They asked me to remove crypto from my site. I instead elected to remove Intuit and their credit card services from my life."
Continuing, he added that Intuit had "disabled" the option for him to accept credit card payments for his activities.
Antonopoulos is a fierce critic of traditional finance, often explaining to audiences how banks stand to lose to Bitcoin and new standards of private fiscal sovereignty. He tweeted today, "The banking cartel doesn't want competition or risk. They prefer monopolies, kleptocracy and captured regulators."
Banks force Bitcoin bans
As Cointelegraph reported, certain payment entities keep to prefer a seemingly random policy on cryptocurrency clients. This week, a Danish court ruled in favor of Nordea Banking concern continuing to prevent its employees from holding cryptocurrency, triggering accusations of hypocrisy from online commentators.
Nordea's stance echoes those previously adopted by other banks, including Dutch institution Rabobank. The latter denied service to cryptocurrency businesses, having faced criminal proceedings over fiat coin laundering.
Last calendar month, adult amusement website Pornhub found payments to its 100,000 web models disrupted afterward PayPal suddenly refused to service the business organization. The website began a deal with cryptocurrency project Verge (XVG) final year.
In an ironic twist, U.S. lender Bank of America subsequently closed the account of a former senior PayPal executive.
Cointelegraph has approached Intuit for comment merely has not received a response at press fourth dimension.
Source: https://cointelegraph.com/news/andreas-antonopoulos-slams-intuit-after-payments-block-for-crypto-use
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