Contents
- Hoskinson Says Why Cryptospace May Not Care About Marketing
- Bank of America closes accounts of crypto advocates
Charles Hoskinson Says Every Bank In America Shills Crypto, Here’s How
Yuri Molchan
Cardano founder believes banks ‘advertise’ cryptocurrencies better than blockchain platforms themselves, and this is where Kanye West is mentioned
Chairman of the IOG and founder of Cardano and co-creator of Ethereum, Charles Hoskinson, has taken to Twitter to express his sarcasm over the efforts of US banks to ban cryptocurrencies for their customers.
As an example, he chose Kanye West, whose account with JP Morgan was closed last week.
Hoskinson Says Why Cryptospace May Not Care About Marketing
Hoskinson tackled the question that he apparently gets asked often from the crypto community — that is, wondering why companies in the crypto space that have their own coins aren’t good enough to market their assets and services.
He believes that US banks are much better at shilling cryptocurrencies. As an example, he posted a photo of popular rapper Kanye West wearing a baseball cap that has an inscription that says “Satoshi Nakamoto.”
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The caption claims that the rapper, (now) Ye West, is now a Bitcoin fan after the JP Morgan banking giant terminated a customer service contract with him three days ago and closed his account.
Before that, social media giants Twitter and Instagram also suspended the billionaire rapper’s accounts for posting anti-Semitic conspiracy theories.
People keep asking why cryptocurrency doesn’t do a better job of marketing, the answer is that every bank in America does a pretty good job of doing it for us pic.twitter.com/OANsCCDPMw
— Charles Hoskinson (@IOHK_Charles) 17 October 2022
Bank of America closes accounts of crypto advocates
Kanye West is a well-known proponent of crypto, and Bitcoin in particular. On June 1, the media reported that he submitted 17 applications intending to start minting his own branded NFTs. Curiously, he stated in the winter that he would never deal with non-fungible tokens.
Earlier, U.Today reported that major US banks had closed the accounts of Tron founder and its former CEO, Justin Sun, as well as former PayPal CEO Roelof Botha. At the time, TechCrunch founder Michael Arrington guessed that Botha’s account was terminated because he had bought some Bitcoin.
