Hot Tokens: How Fintech Is Changing Adult Industry
TechnologyBit News Today2 min read
The adult entertainment industry is embracing new technology in payment and financing. Several new crypto tokens are emerging to serve adult sites, and companies are issuing security tokens to fund their operations. The technology promises more financial autonomy, privacy, and revenue share for creators. ## New Payment Alternatives
A few digital tokens have launched, with both investment-minded and payments-focused products. In July, a new project, Intimate (ITM), released its token as a cryptocurrency to facilitate micropayments on adult websites. The project hopes to make payments between creatives and customers more secure and private. In the same month, the industry veteran Pornhub announced it would begin accepting Verge cryptocurrency as a payment method on its site.
Increasingly, adult ad networks are embracing blockchain for micropayments and as a safeguard against piracy. Some crypto projects see this as an opportunity to expand their usability. Verge, for instance, has begun marketing itself to adult sites as a way to securely pay models and creators, in addition to customers. ## Faster, Smaller Fees
Adult content creators are looking for ways to better monetize their work and receive more payment more quickly. The intermediary fees associated with credit cards, PayPal, and other traditional methods of payment frustrate content creators, who are then incentivized to look elsewhere. Conducting transactions in cryptocurrency offers the promise of reducing transaction times and processing fees. ## Investment Opportunities
A few recent token sales highlight this trend. A digital token, swiped, was developed to smooth and speed up micropayments between adult content creators and their customers. Solace Coin was developed to provide a consistent stable value to people who buy and sell adult content online. ## Privacy
For adult content creators, privacy is of the utmost importance. Cryptocurrency offers significant potential for anonymity, which may drive adoption. Aside from the opportunity to make payments more privately, some blockchain projects aim to better safeguard model photos and videos from piracy. Pornhub's Acceptance of Verge was driven in part by Verge's reputation for providing private transactions. ## What It Means for You
As cryptocurrency and blockchain become more widely used in the adult industry, it is likely that more products and services will be built to better serve the payment and financial needs of adult content creators. As more of the payments system for the adult industry goes digital, the industry may become increasingly data-driven. Adult sites and content creators eager to scale and push into new areas will likely benefit the most.
