Why the adult industry and crypto payments are a great fit

Cryptocurrencies already seem to have penetrated into all spheres of our life. And the adult industry is not standing aside. It is quite possible that in the near future the conditions of consensual sex will be drawn up through smart contracts, or has someone already? NOWPayments invites you to take a deep dive into this issue and find out why crypto and porn are a perfect match.

Key Points:

  • Crypto can solve a number of problems that consumers and performers of adult content constantly face.
  • Well-known producers of adult content successfully use crypto payments.
  • NOWPayments makes life easier for adult industry workers by allowing them to accept fast and secure payments with cryptocurrency.

Problems of adult industries

Problems of adult industries

Every medal has two sides. On the one hand, the adult industry is associated in our heads with a joy of paradise, on the other hand, there is always a fly in the ointment. Regardless of whether you are a consumer or a performer, you will inevitably face a number of extremely unpleasant problems. Firstly, there is a lack of security when paying for goods or services. To date, thousands of fraudulent platforms are being created on the Internet. If you swallow the bait and enter your credit card details, you risk losing your funds. Secondly, an anonymity issue arises. After all, it is simply impossible to hide adult content views by paying for them with a credit card. For workers, another problem arises. How do I get paid for my services? There is a 99% probability that the payment will be blocked and employees will lose their honestly earned funds. Receiving money in cash is simply unsafe and inconvenient. Well, another serious problem is that if you still made a payment for something on the 18+ website, your funds can go up to 7 days, and the fees are just crazy.

What problems will crypto payments solve?

Anonymity 

Anonymity

As John Rockefeller said, “Money loves silence”. And intimate services love privacy. The problem that arises among consumers of sex content is that many aspects of the adult entertainment industry are associated with a huge number of social taboos and prohibitions that people just want to break. But it is not always desirable to leave a credit card number or a billing account in the process. Cryptocurrencies, in this case, are the best ally protecting the right to privacy by providing anonymous payment methods.

For those who are on the other side of the fence, cryptocurrencies also have solid advantages. Sex actors and actresses face not only public condemnation, but also problems when using banking services — financial institutions often refuse to process transactions for crediting the money from a porn studio or a client to their accounts, defining them as questionable. Therefore, adult industry workers are forced to receive money in cash, and their safety is at gunpoint. Crypto payments completely eliminate this problem, since payment is transferred wallet-to-wallet, without the involvement of financial institutions.

Safety

Safety

The adult industry is a gray area in many legislations. The distinction between what is completely legal “adult materials” and what is prohibited “pornographic content” is very subtle. And a payment instrument that does not attract too much attention is a crucial aspect of ensuring the security and activity of 18+ platforms. Many such platforms are forced to close or impose strict restrictions (which significantly reduce popularity) due to prohibitions put forward by payment providers and banks. Crypto payments completely solve this problem and allow you to breathe easier.

For consumers of adult content and services, crypto payments are the safest payment method. Fraudulent porn sites are found on every corner, so it is extremely unsafe to enter your credit card details. Just a slight pushback and a hacker takes possession of your bank account data. For cryptocurrencies, you do not need an account, and all transactions are securely protected.

Low fees and high speed

Payments using a credit card are significantly inferior to those made with crypto. A credit card transaction is subject to a high fee, while a crypto transaction is usually extremely cheap. Moreover, bank transactions can be processed for days. In the case of the adult industry, there is no guarantee that your funds will not be frozen at all. Crypto payments, in turn, are processed at lightning speed.

Porn and crypto fit well together

Porn and crypto fit well together

Thanks to the advantages listed above, crypto and porn work perfectly together. And enterprising owners of 18+ businesses quickly realized this. For example, the Legends Room gentlemen’s club has introduced a truly revolutionary payment method. Do you want to get a private dance from a stripper? Just scan the QR on her body and instantly transfer funds to her wallet. The most famous porn website in the world, Pornhub, has also stepped forward and allows its users to make quick private payments with cryptocurrency. Crypto and porn complement each other so well that some literally get pleasure from them. So, webcam models can purchase an unusual Lovense toy and use it to earn money. The toy can be connected with a webcam chat so when the models are sent tokens, it starts to vibrate. The intensity of the vibration response to a different number of tokens can be set in advance in the chat settings.

Cashing out from crypto to cash

As we have already found out, the best way to pay adult industry workers is cryptocurrency. And although it is possible to pay with crypto assets today for a huge variety of goods and services, a reasonable question still arises: “How to cash out cryptocurrency?”. With NOWPayments, everything is solved in the blink of an eye. You can withdraw any amount, at any time of the day or night, using our fiat processing solution.

No need for a bank account 

Banks are rapidly losing the trust and recognition of users around the world. For consumers of adult content, this issue is particularly acute. Who wants to overpay funds that could go to something more pleasant? Are there those who are satisfied with the speed of bank payments or the possibility of freezing funds? Probably not. But there are no such problems with crypto payments since there is no need for banks. With crypto, you can send high-speed international payments without worrying about the security of your funds and without risking your anonymity.

For adult industry workers who are tired of being biased by financial institutions, crypto payments are a step towards freedom. You don’t need a bank when you are your own bank. No one can block your funds or reject the payment.

Final words

Despite all the advantages of cryptocurrencies, some people still make a choice in favor of the already established standards, which is why they inevitably face problems, lose their funds, spend a lot of time and money on bank payments, question their security and credibility. The choice is always yours, but one thing is for sure — once you try to use cryptocurrency,  you will no longer want to return to fiat.