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Oh god I can’t believe I’m going to say this. Crypto/Bitcoin, in keeping with the relationship the Internet and adult content have. Congrats Coinbase, Venmo, and others enabling censorship resistant crypto payments on your revenue bump.
LOL This is would actually work! Holy crap if OnlyFans actually started accepting bitcoin that would be incredible
Wow, you spend years thinking crypto is convoluted nonsense…and then something comes along that impacts a lot of your friends, and you start to change your mind. I have a fair number† of friends and acquaintances who have OnlyFans. Some for side income, some for a substantial portion of their livelihood. And to see that get taken away because the payment processors want them to fall in line…I guess I’m on the crypto…
What's their argument here, is there a law being broken or is the pressure motivated by ethics or something else?
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It's not like they have a choice. Their business was only ever viable at the behest of their payment provider. The reason no one has made an OnlyFans before, and the reason why people have tried and failed, entirely comes down to this.
Oh god I can’t believe I’m going to say this. Crypto/Bitcoin, in keeping with the relationship the Internet and adult content have. Congrats Coinbase, Venmo, and others enabling censorship resistant crypto payments on your revenue bump.
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This is absolutely ridiculous. What if they decide people can no longer buy dildos or lube or condoms or guns or alcohol or meat on Fridays? There’s no law with respect to “payment neutrality”??
Remember this next time people start pushing going cashless. Doing so means that a third party is involved in every transaction you make, and that someone else will always have veto power over your commercial transactions.
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Probably the reputational risk to them from being associated with porn is not worth whatever OnlyFans brings in.
Payment processors and financial institutions like to use the (IMO mostly political) cover of "AML regulations" to decline service to sex workers and sex worker-adjacent businesses. Prior to the internet and OnlyFans there was at least a tenuous connection: sex work was a cash business and all cash businesses are at "higher" risk for money laundering. Pizza shops, nail salons, car washes, etc. Of course the pizza sho…
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Why should there be? It seems absurd to MANDATE anyone participate in the sex trade. There are payment processors who specialize in adult content.
You know how US Dollars say “This note is legal tender for all debts” on them? It seems to absurd to allow companies with an oligopoly on most of the transfer of those notes to pick and choose what sectors are appropriate for citizens to interact with financially.
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It's not like they have a choice. Their business was only ever viable at the behest of their payment provider. The reason no one has made an OnlyFans before, and the reason why people have tried and failed, entirely comes down to this.
Oh god I can’t believe I’m going to say this. Crypto/Bitcoin, in keeping with the relationship the Internet and adult content have. Congrats Coinbase, Venmo, and others enabling censorship resistant crypto payments on your revenue bump.
So, serious question because I know very little about OnlyFans other than the general knowledge flowing around the internet: What does this leave of the site? Because my impression was certainly that this was the purpose of the site.
Fourth paragraph > That popularity also brought with it additional scrutiny, and OnlyFans is positioning itself more as a forum for musicians, fitness instructors and chefs than sex workers. While many of its most-popular creators post videos of themselves engaging in sexual behavior, several mainstream celebrities like Bella Thorne, Cardi B and Tyga have also set up accounts.
Not sure about the other celebs.