Connoisseurs who enjoy video production from the adult entertainment industry can now also pay with dash. Payment processor PumaPay added a Dash wallet to its payment solution. A variety of websites including Pornhub, Live Jasmine, Bang Bros, Nubiles and Adult Empire are using the payment tool. PumaPay adds the ability for recurring payments, which is interesting for merchants that offer a subscription model.
The adult entertainment industry is always suffering from credit card charge-backs and high fees. Cryptocurrencies offer an alternative revenue stream for models and video platforms. PumaPay’s CEO Yoav Dror believes the adult industry really benefits from their service:
“Our payment solution adds real value to companies in the adult industry which had become accustomed to high fees and chargebacks by delivering a cost-effective payment alternative while retaining familiar billing methods such as recurring payments and trial periods.”Forbes (September 6th 2019) – PumaPay CEO Yoav Dror on bringing crypto payments to the world
PumaPay claims they have created the first fully decentralized subscription payments solution for cryptocurrencies. Their service supposedly offers the flexibility and ease of use of credit cards, but with the advantages of blockchain as well. Services that would benefit this solution go far beyond the realm of the adult entertainment industry. For example mainstream services like Netflix, Spotify, Disney+ and Amazon Prime all offer recurring payments for subscriptions. It would be nice to see these platform embrace cryptocurrencies as well.
When it comes down to cryptocurrencies, PumaPay offers a variety of options. Its own PMA token is the facilitator of their PullPayment protocol. In addition the app offers wallets for ethereum, litecoin, many ERC20 tokens, bitcoin and of course dash.
Many solutions for the same problem
Puma is obviously not the only blockchain startup that wants to offer a helping hand to the adult entertainment industry. This August Spankchain launched its own payment tool called SpankPay. This payment tool supports bitcoin, litecoin, ethereum, zcash and monero. In addition it has its own SPANK token and supports plenty ERC-20 tokens.
SpankChain is one of the projects that’s most active. Coins like TittieCoin, TitCoin, Wankcoin and Sexcoin seem more like a joke than actual tools to help the industry. However, more useful projects have launched over recent years. Vision Industry Token and the OGO Coin from VogoV are examples of projects that take their efforts seriously.
Vision Industry pays its users in VIT tokens for watching content. These tokens can be used to pay for premium content and other services of participating websites. VogoV is a decentralized fan-controlled porn studio where fans have a direct say in the content that’s being produced.
Also published on Medium.