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Various porn cryptocurrencies already in existence

Cryptocurrency has been gaining a lot of traction in the last couple of years. Celebrities, CEOs and basically anyone with some money to spare have been falling over themselves to invest in this new form of capital. In 2017 alone, Mark Cuban, Ashton Kutcher, and even Wu-Tang Clan’s Ghostface Killah all broke into the crypto market.  But what is all the fuss about cryptocurrency? Well, it offers many benefits, among them fraud protection and simple convenience. However, one industry that stands to gain more from cryptocurrency is the porn industry.

Match made in heaven

At first glance, porn and cryptocurrency in the same sentence seem a bit odd, but when you take a closer look, it is a match made in heaven. Pornstars, despite making loads of money, face the unique challenge of not being able to spend that money on business-related services.  This is mainly due to the stigma associated with the porn industry, and many businesses are not willing to associate themselves with pornstars. Call it morality.

This forces adult entertainers to mainly conduct their business in cash, often at exorbitant prices. However, this challenge has opened the door to another avenue; crypto-currency. Crypto-currencies have been developed specifically for the porn industry. But what are some of those cryptocurrencies and what are they all about?

Pornx

The developers of this medium were interested in the introduction of blocking technologies into the porn industry. They set about combining two large sectors of the economy — the porn industry and the cryptocurrency.

PORNX is designed to be used as a digital cryptocurrency for paying pornographic content around the world. Not only does it have a cash equivalent, but it can also be exchanged in the mobile application, at your convenience. Unlike many of the current solutions for the cryptocurrency, PORNX will not be used in the Ethereum environment, where commissioners are known to charge premium fees for confirmation of the transaction. PORNX will instead be used in the Lightning Network, which will not only reduce the amount of commission for the transaction but also make the payment lightning fast. How does the idea of purchasing porn anonymously and securely sound to you? Not even your wife will know!

Spankchain

SpankChain is another revolutionary blockchain based economic and technological infrastructure specifically for the adult industry. Built on top of Ethereum, SpankChain uses smart contracts to remove the need for third-party intermediaries altogether. The result? Providing more powerful privacy and security.

With SpankChain, the entire porn industry stands to gain from lower fees, anonymity, zero chargeback risk, and secure solutions.

“Our belief is that payment channels are the key to near-term cryptocurrency adoption, and the adult industry is a perfect testing ground for creating parallel economies that transcend the inefficiencies of legacy banking institutions,” wrote Spanktoshi Nakabooty, the creator of SpankChain, in a blog post.

By using smart contracts and advanced payment processing hubs, SpankChain allows performers more control over their revenue. It is only critical that adult entertainers receive their fair share of the multibillion-dollar industry. This platform has a micropayment processing wallet which allows users to process payments for a fraction of the cost of traditional payment processors. What’s more, you can access their high-quality live video streaming infrastructure that supports the entire range of mobile devices. They are already working with famous porn actresses to promote the new endeavor. SpankChain got you covered both ways.

Titcoin

The world of cryptocurrency got another proverbial boob job with the introduction of TitCoin. Straight from the minds of startup and finance wizards Edward Mansfield, Richard Allen, and a third guy who prefers to remain anonymous, Titcoin is intended to easily enable you to pay for your daily jerk-off sessions.

Ladies, Titcoin is not a way for girls to pay for things by flashing their tits. In fact, one of the founders, Edward Mansfield is uncomfortable about porn in the first place. He said, “Sometimes we feel a bit uncomfortable talking about this matter because we’re not trying to promote pornography per se. We’re trying to promote a currency that is a conduit for that.” The same thing in my opinion. It is bringing in a currency that caters specifically to a porn audience.

Will we be able to purchase once you have a fat stack of TitCoins? The partners that they are targeting are primarily online websites that have subscription-based services where you pay monthly fees for content. That sounds just like a convenient way of purchasing porn securely and anonymously. It doesn’t get any better than that.

Sexcoin

Another cryptocurrency aligned entirely to bring crypto to the Adult Entertainment world. What is SexCoin’s goal? To create a safer, more fun environment where a decentralized Sex-Coin (exchange symbol SXC) can be used to make instant micropayment, send and receive anonymous gifts, trade for goods, and to perhaps, more importantly, experience safe adult entertaining of all flavors.

SexCoin flaunts a flirtatious tagline “Super Sexy and Delicious.” It is real, and people are using it to pay for adult content, products and “services securely.” SexCoin redefines anonymity in ways that “even your most discreet clients will appreciate.” Most porn websites already accept SexCoin as a payment method. Its current market cap is $344,201, with an individual price of $0.0055.

There are plans to bring SexCoin to toy shops, clubs, online shops and other adult venues and ThePornDude will be keeping a close eye on that as well. With the medium experiencing exponential growth in 2o17, the Sexcoin Development Team says that ‘we have a long road to cover and this is just the beginning.’ I like the sound of that.

Kencoin

KenCoin is another industry-specific cryptocurrency, targeting the adult entertainment sector. Kencoin mission is to serve as the standard currency for anonymous, safe transactions in all sex and dating-related purchases.

Like we well know, absolute privacy when purchasing any adult related commodity is of utmost importance. Many customers will visit adult websites only to back off the sign-up/payment process the moment the website asks for personal information. This means a significant business loss for the adult websites each day. With a completely anonymous cryptocurrency that leverages blockchain technology to provide users with anonymity, privacy, and secured transactions, KenCoin solves all that.

Conclusion

That’s the world of cryptocurrency in a nutshell. Cryptocurrency has breached some industries, and it is about time the adult entertainment industry benefited as well. There is every indication that the digital dollar is here to stay, which can only be good news for porn lovers.

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