Categories: BitcoinEthereumNews

Over 60 Adult Websites set to Accept Bitcoin (BTC) and Ethereum (ETH) as Payments

Cryptocurrencies are a natural fit for the adult industry for features like censorship resistance and fast settlements. Several adult websites have started accepting Cryptocurrencies for payments.

Adult industry startup Intimate is enabling over 60 adult websites to add Cryptocurrency payments gateway in the first half of 2019. The Australian startup will enable the sites to accept various Cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Binance coin (BNB) and its own native token ITM.

Intimate has already signed partnerships with 47 adult websites and organizations including Eros, Sexpo, ClubX, Rendevu among other adult dating, escort and cameo sites. The company is also participating in many international events including Xbiz awards.

CEO of Intimate Reuben Coppa told Crypto media outlet, Micky, that they expect to sign up “15 to 20 more partners off these latest events.” The company’s first payment gateway will go live for smilmakerscollection.com on January 31st.

Last year the famous porn site Pornhub started accepting Cryptocurrencies like Verge (XVG), Tron (TRX), and Horizen (ZEN) but failed to gain much traction. But the need for privacy, censorship resistance, and lower fee transactions are still high in the adult industry.

Reuben also believes that free content has undermined the adult industry, he believes that people will pay for porn and streaming services in the future like people paying for music and movies today.

Reuben said:

“Once crypto payments become standard – and on cam sites users are used to paying with tokens – people will pay for content and the content will get better,”

Blockmanity’s Take

Many of the content creators are facing problems in monetizing their content. Cryptocurrencies could be ideal for micropayments which could potentially solve this problem, but as of today, Crypto has issues like scalability, volatility and bad user experience slowing mainstream adoption. But we believe it is just a matter of time before these problems are solved.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shrikar Parashar

Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

Share
Published by
Shrikar Parashar

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago