Banks across America are advertising cryptocurrencies like Bitcoin

• Banks in the US are now marketing cryptocurrency according to Charles Hoskinson
• Cryptocurrency advocates are enduring a testing period as banks close their accounts

The founder of Cardano and co-developer of Ethereum, Charles Hoskinson, has charged an excavation at banks in the United States. Hoskison sarcastically said that the banks are advertising cryptocurrency. The claim comes in reference to the growing attempt by banks in the US to stop their customers from using cryptocurrency.

People keep asking why cryptocurrency doesn’t do a better job of marketing, the answer is that every bank in America does a pretty good job of doing it for us pic.twitter.com/OANsCCDPMw

— Charles Hoskinson (@IOHK_Charles) 17 October 2022

The co-founder of Cardano backed up his sarcastic claim with the recent closure of Kanye West’s account at JP Morgan last week. Hoskinson faced questions about the poor marketing activities in the cryptocurrency space. Lately, there have been allegations that firms in the cryptocurrency space are not marketing their coins. In response, Hoskinson sarcastically said that the banks in the United States have helped the crypto industry with marketing.

Furthermore, Hoskinson uploaded a photo of award-winning rapper Kanye West wearing a baseball cap with the inscription “Satoshi Nakamoto”. Hoskison claims the rapper has converted to a fan of Bitcoin after terminating a customer service contract with him. The development led to Kanye West’s bank account at JP Morgan being closed.

Kanye West’s previous involvement with cryptocurrency

Meanwhile, Kanye West has been generating a number of controversies in the cryptocurrency sector for some time. Last of all are new reports of his involvement in NFTs. Around June 1st, reports revealed that Kanye West submitted 17 applications to launch his own NFT brand. Therefore, it came as a surprise to many because he once vowed that he would not get involved in NFTs.

Also, Kanye West found himself in a controversial situation around the end of 2013. Then a group of developers came up with an Altcoin, CoinYe, inspired by the rapper. In an effort to seek his approval, the team tweeted about the project of Kanye West. Much to their surprise, however, the rapper responded with a lawsuit that led to the project’s demise.

@Kanye West Kanye, have you ever invested in bitcoin or litecoin? What are you thinking about @CoinyeWest ?

— Coinye (@CoinyeCoin) 31 December 2013

The crusade against cryptocurrency advocates among banks in the United States

Meanwhile, there has been something of a crusade by banks in the US against Bitcoin advocates. Recently, US banks closed accounts belonging to Tron founder and former CEO Justin Sun. A former chief executive of Pay Pal, Roelof Botha, also suffered similar beliefs. This therefore leads to a growing belief in the crypto space that these banks are after cryptocurrency advocates.

The move has created a range of reactions from cryptocurrency enthusiasts. The author of Undressing Bitcoin and host of The Layah Heilpern show has reacted to developments on Twitter. Layah Heilpern said the case for Bitcoin has never been stronger. The post is a reaction to PayPal’s policy blunder, Kanye West’s problem with JP Morgan.

PayPal bans accounts for c0vid ‘misinformation’

JP Morgan bans Kanye West for having incorrect opinions.

90% of all central banks work with CBDC.

The case for #bitcoin has never been stronger.

— Layah Heilpern (@LayahHeilpern) 13 October 2022