Epik says the decision “simply defies logic” and has suggested the move is political, not financial.
PayPal has cut ties with Epik over financial risk issues and problems reportedly associated with Epik’s digital coin services. The domain registrar and web hosting company’s transactions will no longer be processed by PayPal on its behalf. In a series of open letters posted by Epik in response, the company cited “service risk” as the reason given by PayPal to withdraw its support — and while PayPal regrets the “inconvenience caused,” the e-payments service said, “the matter has been reviewed at length, this decision is final, and there will be no appeals to the decision.” See also: PayPal explores cryptocurrency company acquisitions, BitGo named as potential purchase Epik offers domain registration and hosting services and has been connected to Gab, a network popular with right-wing audiences, which was previously de-platformed by GoDaddy. According to Mashable, the problem lies within Epik’s “Masterbucks” cryptocurrency, which can be purchased, converted into fiat currency including US dollars, or used to purchase domain services.
