Cardano founder believes that banks are “advertising” cryptocurrencies better than blockchain platforms themselves, and this is where Kanye West is mentioned
Charles Hoskinson, the head of IOG and the founder of Cardano and co-creator of Ethereum, has taken to Twitter to express his sarcasm at US banks’ efforts to ban cryptocurrencies for their customers.
As an example, he chose Kanye West, whose account at JP Morgan was closed down last week.
Why the crypto space can’t be bothered about marketing, says Hoskinson
Hoskinson tackles the question that he is apparently getting from the crypto community too often – that is, thinking that companies in the crypto space that own their coins are not doing enough in marketing their assets and services.
He believes that U.S. banks are much better at shilling crypto masses. As an example, he posted a picture with popular rapper Kanye West wearing a baseball cap that has an inscription that says, “Satoshi Nakamoto.”
The caption of the picture claimed that rapper, (now) Yeh 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.
Prior to that, Twitter and Instagram social media giants also suspended the rapper billionaire’s accounts for posting anti-semitic conspiracy theories.
Bank of America Closes Crypto Advocates’ Accounts
Kanye West is a well-known advocate of crypto, and bitcoin in particular. On June 1, the media reported that it filed 17 applications with the intention of starting manufacturing its own branded NFTs. Curiously, over the winter, he said that he would never deal with non-fungible tokens.
Previously, U.Today reported that large U.S. banks had closed down accounts of Tron founder and its former CEO, Justin Sun, as well as former top executive of PayPal Roelof Botha. Back then, founder of TechCrunch Michael Arrington guessed that Botha’s account was terminated because he had bought some Bitcoin.
