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This has little to do with fraud, and everything to do with political pressure

• jwestbury 4y ago
  Whilst I suspect you're right, I'm not sure this goes without saying. I'd love to see some data to back up this claim.
  • _cenw 4y ago
    Just look at Patreon and their continued stuggle with NSFW artists. I briefly worked on a similar smaller site that allows for artists drawing explicit things, and our payment processor would threaten us weekly to cut us off for arbitrary reasons. The chargeback/fraud rate did not differ based on the user drawing explicit content or not.
  • springogeek 4y ago
    I can't point at data, but there's plenty of articles and reports, including this from the EFF: https://www.eff.org/deeplinks/2020/12/visa-and-mastercard-are-trying-dictate-what-you-can-watch-pornhub https://www.eff.org/deeplinks/2020/12/visa-and-mastercard-ar...
• joosters 4y ago
  The political pressure (on crypto and banking) is also because of fraud. If you are transferring money via a blockchain with no KYC, it's going to be hard to get a legitimate banking partner to be happy with that. Now when you say 'but it's only going to be used by the sex industry', you're adding another area of high fraud on top. It's hardly surprising that financial companies want nothing to do with two high-risk sectors sandwiched on top of each other.