It sadly looks like my favorite hope is still not ready, but I am hopeful that this is due to slow and careful development that will lead to a stable long term outcome. https://taler.net/en/faq.html
The problem is that your CC number is both username and password. Cardsters are looking ways to convert soft credit card money to something without chargebacks. These services are fraud and money laundering magnets. Think it as a same as publishing fake eBooks on Amazon and then sell them to launder your income clean.
https://techcrunch.com/2018/02/26/crooks-launder-money-using...
In what world do wire transfers require 2FA?
Nowadays also mandated by the law in the EU.
This is assuming that banks don't just close your accounts for the same reasons...
https://www.cnbc.com/2014/04/26/chase-closing-accounts-of-po...
The real problem is that person to person money transfers shouldn't be prohibited unless by law. Perhaps Pornhub, in the US at least, could use something like Zelle to mediate transfers between patrons and performers (using their bank account to make Zelle requests, and then distributing that out to performers with Zelle). At least until the Fed gets their ACH modernization act together and we get near real time payments.
https://www.fca.org.uk/news/news-stories/continuous-payment-...
True
> They don't actually perform money transfers between individuals.
It is regulated as some sort of money transmitter in every state: https://www.paypal.com/us/webapps/mpp/licenses
This would have been a huge problem in 2012, Now there are realistic solutions to avoid this. Just pay by cryptocurrencies on to a Coinbase Card and you can withdraw the cash and pay anonymously.
Job done.
It's rare that I'm excited about a service, but this one appears to come with no strings attached, the wallet is even generated on the client-side.
Imagine if every time you wanted to buy a cup of coffee or a video game you had to buy a special currency to do it? I bet less of both would be sold
The fact that people pay for porn at all is a small marvel.
I might be willing to accept that people would more motivated to jump through some hoops to get porn than they would for coffee if porn weren't available without that hoop jumping.
All this sort of thing will do is make it harder for independent content producers to profit
Once you transfer outside of Coinbase it's none of their business what you do with it.
It will have a chilling effect on Pornhub for sure, but porn and commerce speech are already both separately and specifically quite limited in their free speech protections in the U.S. https://en.m.wikipedia.org/wiki/United_States_free_speech_ex... Put them together and it might be difficult to demonstrate that there was much expectation of free speech in this case in the first place.
EDIT: Would love some reasoning around downvotes.
At the end of the day you can't spend cryptocurrencies. When Walmart accepts a cryptocurrency then maybe people will consider actually using it. Paying people in some weird unheard of stable coin doesn't help anyone if it can't be easily converted into real currency that people use and accept.