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Dillon said that the porn industry has paved the way for other online innovations, such as online credit card payments and instant verification. If a payment processor makes cryptocurrencies more difficult, it may do the same with cryptocurrencies.
“This will inject momentum into encryption and alternative payment solutions,” he said.
Dominic Ford, founder of JustFor.Fans, a Bitcoin-accepting OnlyFans competitor, said that encryption represents only a small part of transactions on his platform because it is more troublesome, but said that this could increase rapidly if popular remittance tools adapt.
“A cryptocurrency that works online and crosses national borders seems to be an obvious evolution, just as email is the evolution of mail,” Ford said.
CumRocket, a startup that created a digital currency called Cummies for adult content, announced in recent days that it is speeding up its work on its content platform.
“Sex workers should have the opportunity to join a platform that is not subject to any payment processing restrictions, and other OnlyFans alternatives that use fiat currencies may be restricted in the coming months/years.”
Although Bitcoin and other digital currencies have experienced extreme volatility, adult operators have stated that they can avoid these problems by using them to make instant payments without storing them.
