While Bitcoin has a strong use case in the sex industry, accepting crypto is a double-edged sword for sex workers.
Bitcoin’s Learning Curve Is Steep and Troublesome
Many in the sex industry have turned to Bitcoin out of necessity.
In December, Mastercard and Visa cut ties with Pornhub over allegations of illegal content, causing Pornhub to become a crypto-only platform.
Other payment providers like PayPal also have strict regulations limiting their services for sex work, leaving the workers themselves in a difficult situation when it comes to earning a living.
One solution is, of course, accepting Bitcoin.
Thru irony. We will have to use crypto currency if US banking systems are being taken from us. The more our govt chooses to disenfranchise us, the more inevitable crypto currency is. Who would have ever dreamed that the US would be so flush, that they no longer wanted our money?
— Kristen DiAngelo (@kristendiangelo) June 2, 2018
Crypto Briefing spoke with Kristen DiAngelo, a sex worker and activist with decades of experience in the industry. “U.S. banking guidelines have put pressure on banking systems, credit card systems, and online paying systems to cut off the ability of sex workers to use those venues,” said DiAngelo.
She explained that payment related to posting ads for adult content is now heavily restricted.
“While we are grateful to be able to use Bitcoin to post ads, as the alternative would be catastrophic, the learning curve has been steep and we continue to lose purchasing power due …
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