Adult website sees 400% increase in crypto payments
February 11, 2021
February 11, 2021
Popular adult real-time streaming content provider Stripchat is seeing a surge in payments in cryptocurrency. In a blog post, the entertainment and social streaming platform indicated that crypto is fast becoming the most popular form of payment for multiple users and even performers on the webcam-centric website.
A rough estimate shows that the platform offers more than 300,000 models and, according to Stripchat statistics, had around 60 million monthly (average) visitors last year.
The use of cryptos for adult entertainment is not a new phenomenon as they automatically create an extra layer of anonymity.
Yet, Stripchat and many other webcams Platforms saw significant growth over the past year due to the Covid-19 pandemic and the resulting travel bans. Stripchat saw traffic increase 72% and hosted more than 2 billion sessions over the past year.
Max Bennet, VP of New Media at Stripchat, said;
“Both users and models are more actively using crypto as their preferred payment method. We’ve seen a 400% increase in the number of cryptocurrency transactions since early 2020, and 10% of all active models on Stripchat use crypto as the primary withdrawal method. “
Following Elon Musk’s tweets highlighting “Dogecoin is the people’s crypto,” the platform was quick to embrace meme crypto by accepting it as a form of payment. Bennet further stated:
“If adding DOGE can improve the experience of Elon Musk and the people on stripchat, we are here to accept that.”
In addition to strip chat, there are numerous cam-centric real-time streaming websites that accept Bitcoin and other altcoins as payments. These include CamSoda, LiveJasmin and Chaturbate, among others.
Pornhub also parted in the Dogecoin mania by starting to accept it as payment along with three other new cryptos. USDC, BNB and XRP. The adult website also expanded the list of cryptocurrencies it accepts as payment and currently supports sixteen cryptos after the Visa and MasterCard credit card companies retired from services.