There’s a lot of talk about drug purchases on darknet markets with bitcoin and the use of the censorship-resistant currency growing within the online gambling industry. However, there is another taboo industry that uses bitcoin more profoundly than we can imagine — The pornography business has been embracing bitcoin for quite some time and continues to adopt the digital asset for payments at an exponential rate.
The Porn Industry Has Embraced Bitcoin
The Online Porn Industry Continues to Adopt Bitcoin for PaymentsThe global porn industry is a multi-billion dollar operation that continues to grow bigger every single year. Although the discussion of porn and bitcoin may be unfavorable to certain cryptocurrency proponents, the decentralized currency is used quite a bit within the adult industry. In 2017 there is a vast array of online porn sites that accept bitcoin for payments such as Amateur Canada, Hustler, alongside giant sized adult service providers such as Xhamster, Porn.com, Naughty America, and more.
For instance, the well-known porn site ‘Xhamster’ has been accepting bitcoin for a few years now. According to an interview with Xhamster’s Project Manager when they first started adopted bitcoin, the cryptocurrency offered different attributes than traditional payment providers.
Bitcoin profit is not as big compared to traditional billing methods yet, but it’s growing. And what’s very important for our members, it’s anonymous (actually pseudonymous). Bitcoin helps to avoid those awkward moments for guys when the credit card statement arrives and the wife starts asking questions. Why do we as the recipient love Bitcoin? There are no chargebacks.
Camgirls and Bitcoin-Centric Adult Websites
The Online Porn Industry Continues to Adopt Bitcoin for PaymentsIn addition to the big porn sites, there are smaller numerous ‘Camgirl’ websites that accept bitcoin as well. Camgirls [and guys] display private performances for online viewers after members pay a certain fee. Websites that offer camera-style and live nude video feeds include Live Jasmin, Flirt 4 Free, and Chaturbate. Furthermore, there are also ‘bitcoin only’ adult websites that offer live shows as well, such as the forum Girls Gone Bitcoin, Strip 4 Bit, and Xotika.tv’s private adult section.
Another porn site Bacchusent Entertainment offers high-quality adult pictures and video at a discount for members who pay with bitcoin. Saffron and Dennis Bacchus have detailed that Bitcoin gives customers the benefit of remaining pseudonymous and allows the company to stay clear of financial blockades issued by credit card companies.
The infamous adult magazine company Playboy’s website ‘Playboy Plus’ accepts bitcoin too through the payment processor Bitpay. Users can purchase all three of the company’s membership plans utilizing the decentralized currency. The site offers users access to over 100,000 photos and HD videos for members.
Bitcoin and the Online Adult Industry Seem to Be a Perfect Match
Over the past two years, more and more adult websites and online pornography dealers have been adopting bitcoin. It may not be the most favorable topic, but the two economies are thriving together. Bitcoin has enabled porn businesses and their customers the ability to jump over privacy invasive hurdles and censorship from traditional payment processors. Because of these attributes, the decentralized cryptocurrency has attracted a large swathe of porn sites that are utilizing bitcoin for these benefits.
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