CamSoda Adult Website Starts Accepting Cryptocurrency Payments
Adult entertainment website CamSoda, ranked among the top 4,000 websites in the world according to Alexa, recently started accepting cryptocurrency payments for various features on its platform.
According to The Next Web, CamSoda users can now purchase tokens on-site using multiple cryptocurrencies, including bitcoin, litecoin, bitcoin cash, ether, TRX, monero, and zcash. These tokens can then be used to tip models, pay for private chats, and more.
Speaking to the media outlet, company vice president Daryn Parker said:
Now that we are seeing more adoption of the technology, we have decided to give our users what they have been asking us for for some time.
This is notably not the first time that CamSoda has ventured into the cryptocurrency space. In December of last year, he created a platform called BitCast that allows users to match their interactive sex toys with the performance of major cryptos. In March of last year, he launched CokcBlockchain, a platform that allowed users to earn cryptocurrency for their nude photos.
Accepting cryptocurrencies allows models on their website to handle less fees and thus earn more. The company itself is benefiting from the adoption of cryptocurrency because its users can instantly purchase its services. Talk to Breakermag Parker said:
Suppose you are a freelance model in Romania and you earn $ 500 per week. Obtaining this wire can cost you $ 100 in fees, which significantly reduces your labor.
The company claimed that it has been receiving requests for crypto acceptance for “a few weeks,” and that since the feature’s launch last week, it has seen less than 1% of its users pay with these currencies, a figure. higher than expected at this point. to organise.
Notably, CamSoda isn’t the only adult website that accepts cryptocurrency payments. Last year MindGeek, the company behind Pornhub, started accepting cryptocurrency payments. While the company began with an “exclusive” partnership with Verge (XVG), it quickly added TRX and ZenCash as payment options.
Since then, Pornhub has also partnered with PumaPay to enable recurring cryptocurrency payments for its subscription. Another popular porn site, VRPorn, quietly added LTC payments in May of last year.