At least one bank appears to have changed course after OnlyFans went public about banks blocking payments.
Porn News
Porn, or Pornography, can be described as sexual content displayed for viewing by a third party. Porn is largely based online at present, but also remains available via physical books and magazines. The internet boom has shifted many things online in recent years. Sexual content is no exception, with crypto assets providing a potential payment avenue for such activity. A number of sites allow various digital assets as payment, while some blockchain projects have also surfaced around the pornograpy industry.
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Speaking on OnlyFans’ ban on adult content, founder and CEO Tim Stokely explained the banks were the only reason behind the policy change.
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Adult webcam streaming websites are getting a boost from pandemic lockdowns.
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A stagnant price period seems at an end as Pornhub is forced to go full crypto for payments.
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PornVisory is moving to a decentralized governance structure based on the DFO standard, which allegedly allows greater user influence than DAOs.
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A novel cryptocurrency project called PornVisory plans to reward its users with blockchain tokens for watching porn on its platform.
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An international campaign calling on credit card companies to block payments to porn sites could lead to a huge wave of new cryptocurrency adopters.
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PumaPay hopes to stimulate interest in crypto payments in the porn industry through a number of new subscription models.
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Adult entertainment website Pornhub has added a new crypto payment option after PayPal had abruptly stopped servicing its models in late 2019.
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United States law enforcement agencies analyzed Bitcoin transactions to locate and subsequently shut down a global child pornography site.
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Ethereum-based adult entertainment platform SpankChain has launched a cryptocurrency payments processor together with two new partners.
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Sex and Crypto: Cointelegraph looks into use of cryptocurrencies in the adult entertainment industry for anonymity and avoiding transaction fees
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Tron founder and CEO Justin Sun denies illegal fundraising, porn transaction facilitation, gambling and money laundering accusations.
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$515 million in Bitcoin has been spent on illegal activities in 2019, but this only accounts for 1% of total BTC transactions.
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