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I'm one of those vocal sceptics on HN. I agree with you! Here's finally a huge industry that is consistently shunned by the mainstream payment providers. I'm n
by short_sells_poo 5y ago
I'm one of those vocal sceptics on HN. I agree with you! Here's finally a huge industry that is consistently shunned by the mainstream payment providers.
I'm not being facetious. I believe it's a one of a kind opportunity for crypto currencies to step in, show the middle finger to the established payment pipelines and prove that a smooth, reliable and safe payment system can be operated even for the adult industry.
According to the Guardian[1] the adult industry clears between $10bln-$100bln a year. That's a lot turnover and clearly they are not being served well by the current providers. I'd imagine the fees are also acceptably higher (due to the increased fraud, etc..) so the profit margins should also be potentially higher.
- __MatrixMan__ 5y agoYou're right. I'm sure somebody is working on cryptonlyfans already. I'm already preparing myself to be appalled by whatever the NFT scene does with this.