mounting pressure from banking
partners and payment providers
This looks like one.
mounting pressure from banking
partners and payment providers
This looks like one.
I'm not being facetious. I believe it's a one of a kind opportunity for crypto currencies to step in, show the middle finger to the established payment pipelines and prove that a smooth, reliable and safe payment system can be operated even for the adult industry.
According to the Guardian[1] the adult industry clears between $10bln-$100bln a year. That's a lot turnover and clearly they are not being served well by the current providers. I'd imagine the fees are also acceptably higher (due to the increased fraud, etc..) so the profit margins should also be potentially higher.
I'm already preparing myself to be appalled by whatever the NFT scene does with this.
https://help.coinbase.com/en/coinbase/getting-started/add-a-...
But in the long run you are right: to avoid MasterCard and Visa we should move everything to crypto. It is the only way to control our own destiny.
This is against eBay's policies. All items sold through their site must be delivered physically. If you type "bitcoin" in today you'll only get hardware or novelties, not the coins themselves.
Or do the sale on some other platform that is similar to ebay.
* switch to crypto entirely
* keep credit cards, but block sexually explicit content
I doubt there was middleground where they could accept crypto for sexually explicit content, but still accept credit cards for everything else.
Which makes me think that a smart move here would be to spin off a second company that does allow this content, but only accepts payments in crypto. I suppose if they don't, there is a opportunity ripe for a competitor to take advantage of.
If you make basic payment processing for services criminal, then, by definition, cryptocurrency's primary use case is for criminal activity.