By CCN: Origin Kebabs just wanted to let its followers know that four of its Queensland stores now accept bitcoin as a form of payment. Facebook wasn't having it and blocked the Aussie restaurant from advertising on the social media platform. Someone might want to…
By CCN: Origin Kebabs just wanted to let its followers know that four of its Queensland stores now accept bitcoin as a form of payment. Facebook wasn’t having it and blocked the Aussie restaurant from advertising on the social media platform. Someone might want to tell Mark Zuckerberg before he launches his own FaceCoin or they could find themselves in an awkward spot.
Origin Kebabs posted:
“So we tried to boost our “now we accept bitcoins” post and this is what FB has to say about it.”
They pointed to an alert in which Facebook took issue with the ad promoting “financial products and services such as…initial coin offerings that are frequently associated with misleading or deceptive promotional practices.” Origin Kebabs is not an ICO.
The alert goes on to say: “For ads that promote cryptocurrency and related products and services, the advertiser must first receive our prior written permission.”
So basically, Origin Kebabs can advertise that they now accept bitcoin if they receive permission from Zuckerberg’s site. That’s fine for a centralized entity like Facebook that controls data. But it doesn’t bode well for the future of FaceCoin in a decentralized ecosystem.
Facebook updated its policy last June –
“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.”
Origin Kebab’s followers gave the fast-food restaurant some advice, suggesting:
“Use ‘virtual curency’ instead.”
Another follower explained:
“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.”
“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.”
Last modified: January 10, 2020 3:29 PM UTC