Awkward Moment Arises When Facebook Blocks an Australian Restaurant Ad Under its Bitcoin Ban
We are led to believe that social media companies like Facebook, Google and Twitter can be trusted with moderating and policing content for the vast majority of its user content. But between its decision to cite the United States Declaration of Independence as ‘Hate Speech,' and now this, there are no trusting mainstream companies.
Origin Kebabs, which is a food restaurant based in Australia, wanted to let its consumers and supporters know that four of its stores which are based in Queensland now accept Bitcoin as one of its accepted mediums of payment.
So where does this awareness campaign involve social media? The fact that, for Facebook, it has an aggressive ‘don't ask, don't tell' policy against cryptocurrencies and has since blocked the Australian restaurant from promoting this development on its platform.
Kids in glass houses shouldn't throw stones, especially when considering Facebook's general ineptitude towards not only moderating but also in its stance on cryptocurrencies. It's made all the more of a crass irony when considering its repression of crypto adverts while working to launch its own blockchain backed cryptocurrency. So a centralized company developing its own cryptocurrency while suppressing others making use of cryptocurrency? Smells a lot like a cartel.
Origin Kebabs took to social media to give their opinion:
“So we tried to boost our “now we accept bitcoins” post and this is what FB has to say about it.”
The company then highlighted an alert that they received from the Facebook team, where the social media platform took exception to the advertisement. Going so far as to highlight that it was operating as an advertisement that was promoting
“financial products and services such as…initial coin offerings that are frequently associated with misleading or deceptive promotional practices.”
If Origin Kebabs is an Initial Coin Offering, it certainly doesn't need to crypto-angle to raise capital. Or, in short, it's not an ICO.
The alert from Facebook continues on to state that:
“For ads that promote cryptocurrency and related products and services, the advertiser must first receive our prior written permission.”
In summary, Origin Kebabs can only pursue this advertisement that they now accept Bitcoin at a number of their Queensland stores so long as they receive the right permission from Zuckerberg's irony-machine. This is perfectly fine and pretty normal for a company like Facebook – a centralized organ that controls and manages data.
But when it comes to a project like Facebook's cryptocurrency, it demonstrates that they're facing an uphill struggle against old habits.
Facebook took the time out to update its advertising policy in June 2018, citing its allowance of ‘pre-approved advertisers' to promote advertising related to cryptocurrencies, with the exception to ICOs.
“So starting June 26, , we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.”
Clearly, Facebook is far more effective at the broader strokes of censure than they do apply reason and common sense.
Origin Kebab Hosts Some Sage Advice From Community
While the Origin Kebab team met first hand with the regulatory hammer of Facebook, its wide range of followers provided the fast food chain some sage advice for managing the social media outlet –
“Use ‘virtual curency’ instead.”
Another member of its support base explained the following –
“It’s because you used the term bitcoin in your text. Facebook auto-flagged it [thinking that] you were a scammy binary option. Add the text to the image and it will get approved, no questions asked.”
Origin Kebabs is Off The Chain – Thanks To Binance
In stark contrast to the kind of roughshod treatment that the likes of Origin Kebabs have faced from the likes of Facebook, Binance is providing something far more open. Makes you think that the exchange's CEO – Changpeng Zhao – should speak to the likes of Mark Zuckerberg regarding the issues he faces in Bitcoin advertisements.
The fast food company isn't just announcing that it's accepting Bitcoin, it is also making the necessary steps to allow users to pay using Binance Coin, Ethereum as well as Litecoin. In addition, users will not have to wait around for 5 – 15 minutes to have their payment go through, thanks to Origin integrating with Lightning Network – the Bitcoin Layer-2 solution for transactions.
The latter is thanks, in large part to TravelByBit, which has integrated the Binance Coin with Origin Kebabs, with the latter planning to move these payments onto the dedicated Binance Chain.
General Manager of the fast-food chain, Burhan Göktas was quoted by the Binance dedicated blog – Binance Lite stating the following:
“After learning about crypto, I knew I had to make it a part of our business. It’s a no-brainer to sign up with TravelbyBit. I am very excited that Origin Kebabs is going to be the first to adopt BNB payments at point-of-sale, following the launch of the new Binance chain.”
Binance Lite's Twitter account published the following:
“Fast chain for fast food! @Binance is growing the adoption of crypto in Australia.”
The blog page continues.
“You can now buy crypto with Australian dollars, and spend at a leading fast food chain @OriginKebabs through travel fintech company @TravelByBit POS.”
For those of you that are Pacifically-inclined, specifically those Bitcoin boosters based in Australia, Origin Kebabs is currently accepting this range of cryptocurrencies at the following stores:
- Queensland University of Technology (QUT)
- Westfield Chermside