ilovepastries Posted November 12, 2019 Share Posted November 12, 2019 I'm sure that I'm not alone about not wanting to pay for porn by using my credit card and sharing personal information like my full name with a foreign, obscure payment processor I've never heard of before. It's easier than ever to buy cryptocurrencies like Bitcoin, and you can use it to pay for things trustlessly. Since it's trustless, the payment processor doesn't need to collect personal information from buyers. You can pay for something without either party taking on any counterparty risk. This is what commerce on the internet is supposed to be like. The porn industry has often spearheaded technological development, and there are already porn sites (like https://www.manyvids.com/) that support cryptocurrencies as a payment alternative. It's just a matter of time before more websites start offering it as an alternative to old payment processors that haven't changed since the early 2000s. Cryptocurrencies are notoriously volatile. For this reason crypto payment processors usually convert the given cryptocurrency into a fiat currency like the dollar or the euro once the purchase is settled. That way you as the merchant are shielded from market volatility, and you don't need to deal with the cryptocurrencies directly at all while reaping the benefits of supporting an increasingly popular payment option. manyvids.com uses https://coingate.com/, which is easy to set up and supports many different cryptocurrencies out of the box, but there are many alternatives. Link to comment Share on other sites More sharing options...
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