Crypto money gains traction in adult industry amid OnlyFans drama

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Crypto money gains traction in adult industry amid OnlyFans drama eNCA

Nonetheless, the drama could accelerate a move to cyptocurrency to allow anonymous payments to performers outside the banking system.

Jeff Dillon, chief development officer at Nafty, a cryptocurrency platform launched this year specifically for the adult industry, said the OnlyFans saga"has done more than any marketing we could ever paid for.

"Sex workers should have the opportunity to join a platform that won't be subject to any payment processing restrictions, something that the other OnlyFans alternatives that use fiat may be subject to in the upcoming months/year." Visa and Mastercard temporarily banned payments last year to sites owned by porn giant MindGeek, which owns PornHub and other sites, over reports that it was hosting non-consensual"revenge porn".Ford said congressional passage of the FOSTA-SESTA law in 2018 created pressure on the adult content industry by holding online services liable for illegal content such as child exploitation or sex trafficking.

"There is skepticism because sex workers want to make the barriers to entry as minimal as possible," she said.

 

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