PayPal working with Anti-Defamation League on research to cut funding to extremist groups

paypal
Credit: Pixabay/CC0 Public Domain

PayPal is collaborating with the Anti-Defamation League on research aimed at cutting off funding for extremist or hate groups.

In a statement Monday, ADL said the research will explore how extremist or hate movements use financial platforms to fund their activities.

Both that organization and PayPal say the results of their research will be shared within the financial industry, policymakers and .

"By identifying partners across sectors with common goals and complementary resources, we can make an even greater impact than any of us could do on our own," said Aaron Karczmer, chief risk officer and executive vice president of risk and platforms at PayPal, in a statement.

As part of the initiative, PayPal and ADL will also form a coalition with civil rights organizations to protect marginalized communities from extremism.

"We have a unique opportunity to further understand how hate spreads and develop key insights that will inform the efforts of the , law enforcement, and our communities in mitigating extremist threats," said ADL CEO Jonathan Greenblatt in a statement.

As larger financial platforms like PayPal crack down on funding, find new ways to raise money, including the increased use of cryptocurrencies like bitcoin.


Explore further

PayPal earnings soar on e-commerce boom

(c)2021 U.S. Today
Distributed by Tribune Content Agency, LLC.

Citation: PayPal working with Anti-Defamation League on research to cut funding to extremist groups (2021, July 26) retrieved 29 November 2021 from https://techxplore.com/news/2021-07-paypal-anti-defamation-league-funding-extremist.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
13 shares

Feedback to editors