Can companies thwart hate groups by disrupting their financial activities?
Share Now on:
PayPal, the giant electronic-payments platform, has just announced it’ll work more closely with the Anti-Defamation League to try to thwart racist, anti-government and other radical hate groups that use PayPal to raise and move money around.
The partnership is aimed at understanding — and disrupting — extremist groups’ leveraging of Paypal and other global financial platforms to pay for their propaganda, recruitment and criminal activity.
PayPal began working with the ADL after the violent Unite the Right march in Charlottesville, Virginia, in 2017, said ADL CEO Jonathan Greenblatt. The new partnership expands that work to identify hate groups and stop them from selling merchandise, advertising, raising and sharing money via PayPal.
“We believe if we can attack the revenue sources of these hateful actors, we can weaken their reach and expose their techniques,” Greenblatt said.
Of course, PayPal isn’t the only fundraising option for hate groups, said Danny Rogers at the Global Disinformation Index. If they’re booted from mainstream payment platforms, he said they’ll likely migrate to digital currencies.
“Forcing a group to raise money via cryptocurrency limits their audience, limits the number of people who will donate [and] it will limit the ease of which those people can donate,” he said.
Getting those groups off of platforms like Paypal won’t silence or stop them completely, Rogers said, but it’ll narrow their reach significantly.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.