Adult entertainment website CamSoda, ranked among the top 4,000 websites in the world according to Alexa,has recently started accepting cryptocurrency payments for various features on its platform.
According to The Next Web, CamSoda users can now purchase on-site tokens using several cryptocurrencies, including bitcoin, litecoin, bitcoin cash, ether, TRX, monero, and zcash. These tokens can then be used to tip models, pay for private chats, and more.
Speaking to the news outlet the company’s vice president Daryn Parker stated:
Now that we are seeing more adoption of the technology, we decided to give our users what they’ve been asking us for some time.
This is notably not the first time CamSoda ventures into the cryptocurrency space. In December of last year it created a platform called BitCast that let users pair their interactive sex toys with the performance of leading cryptos. In March of last year it launched CokcBlockchain, a platform that allowed users to earn cryptocurrency for their nude pictures.
Accepting cryptocurrencies allows the models on its website to deal with less fees, and as such to earn more. The company itself benefits from cryptocurrency adoption as its users are able to instantly purchase its services. Speaking to Breakermag Parker stated:
Say you’re an independent model in Romania, and you earn $500 a week. To get that wire might cost you $100 in fees, so it really takes a significant dent out of your work.
The company has claimed it’s been receiving requests to accept crypto for a “couple of weeks,” and that since the feature was launched last week it has seen less than 1% of its users pay with these currencies, a figure higher than expected at this stage.
Notably CamSoda isn’t the only adult website accepting cryptocurrency payments. Last year MindGeek, the firm behind Pornhub, started accepting cryptocurrency payments. While the company started through an “exclusive” partnership with Verge (XVG), it soon added TRX and ZenCash as payment options.
Since then, Pornhub has also partnered with PumaPay to enable recurring cryptocurrency payments for its subscription. Another popular porn website, VRPorn, quietly added LTC payments in May of last year.