Adult Website Records 400% Rise in Crypto Payments
Popular real-time streaming adult content provider Stripchat is recording a surge in cryptocurrency payments. Through a blog post, the entertainment and social streaming platform has pointed out that crypto is fast turning into most favorite form of payment for several users and even performers on the webcam centered website.
A rough estimate indicates that the platform offers more than 300,000 models and records about 60 million monthly (average) visitors as per Stripchat stats last year.
Utilizing cryptos for adult entertainment is not a new phenomenon as they automatically create a supplementary layer of anonymity.
Nevertheless, Stripchat and many more webcam platforms recorded considerable growth last year due to Covid-19 pandemic and consequent travel prohibitions. Stripchat posted a 72% rise in traffic and hosted more than 2 billion sessions last year.
Max Bennet, VP of New Media at Stripchat, stated;
“Both users and models are more actively using crypto as their preferred payment methods. We have seen a 400% increase in the number of cryptocurrency transactions since the beginning of 2020, and 10% of all active models on Stripchat are using crypto as their primary payout method.”
After Elon Musk’s tweets highlighting “Dogecoin is the people’s Crypto”, the platform has quickly adopted the meme crypto by accepting it as form of payment. Bennet further stated:
“If adding DOGE can improve Elon Musk’s and people’s experience on Stripchat, we are here to accept it,”
Along with Stripchat, there are numerous cam centered real-time streaming websites that accept Bitcoin and other altcoins as payments. This includes CamSoda, LiveJasmin and Chaturbate, among others.
Pornhub also took part in the Dogecoin mania by beginning to accept it as a form of payment along with three other new cryptos; USDC, BNB and XRP. The adult website also continued to expand the list of cryptocurrencies it accepts as payment and currently supports sixteen cryptos following suspension of services by credit card firms Visa and MasterCard.