Serviciul de plată criptografică SpankChain pentru industria adulților se închide

SpankPay, a cryptocurrency payment service by Ethereum-based adult entertainment platform SpackChain, has closed down after crypto payment provider Wyre terminated the service agreement.

The platform also said it has continually faced discrimination from traditional financial institutions.

SpankPay Closes Down After Wyre Termination

In a tweet thread on Monday, SpankPay shared an email sent by Wyre on Feb. 9, 2023, informing SpankChain co-founder and CEO Ameen Soleimani of its intention to terminate the agreement between both parties. According to SpankChain, Wyre’s action came as a shock, considering that the platform’s relationship with the payment provider has been “supportive and respectful.”

După o analiză lungă și dificilă, am decis să închidem SpankPay, procesorul nostru de plăți cripto pe care l-am construit ca un refugiu sigur pentru comunitatea noastră. Fii sigur că banii tăi sunt în siguranță și îți vom trimite cât mai curând posibil.

— SpankPay (@SpankPay) Martie 20, 2023

SpankPay also claimed that the “termination was a targeted shutdown by Wyre because their new payment processor, checkout dot com, doesn’t work with adult businesses.”

While SpankPay said that users’ funds are safe, efforts to find new service providers have been met with roadblocks, as no one seems to want to provide financial services to companies that run an adult entertainment business.

“Operating SpankPay in a hostile banking environment has always been challenging, but the escalating attacks have become untenable for our small team and the niche market we serve.”

Major adult website Pornhub faced a similar situation with traditional financial services, with PayPal stopping support for payout to performers in 2019. Mastercard and Visa later blocat the use of their credit cards for transactions on the adult website in 2020 after a report by the New York Times alleged that the site showed child abuse, rape, and revenge pornography.

Shortly after Mastercard and Visa halted support for Pornhub, the adult website said it would acceptați bitcoin and other crypto assets for the platform’s premium service.

Fighting Discrimination Against Adult Performers

Meanwhile, SpankPay said it will continue to challenge the discrimination by banks against the adult industry “by engaging lobbyists and meeting with policymakers in Congress.”

„Întrucât SpankPay este discriminat din cauza naturii afacerii noastre, suntem la fel de motivați ca întotdeauna să punem capăt acestor practici de cenzură extralegale impuse de instituțiile financiare. Vă mulțumim că faceți parte din comunitatea noastră. Lupta continuă.”

SpanChain a lansat SpankPay in 2019 as a crypto payment processor that offered seamless and cheaper transactions for adult content consumers. The platform enabled users to make purchases and instant transactions using cryptocurrencies such as BTC, ETH, ZEC, LTC, and XMR.