Home » While Onlyfans Intends to Ban Adult Content, the Crypto-Powered Onlycoins Project Steps in to Help Sex Workers

While Onlyfans Intends to Ban Adult Content, the Crypto-Powered Onlycoins Project Steps in to Help Sex Workers

by CryptoWordTalk
Onlycoins project to replace Onlyfans featured img

After the company chose to restrict images and videos that are deemed “sexually explicit activity,” cryptocurrency enthusiasts have been debating the online content subscription service Onlyfans. While a lot of crypto fans debated the issue, Onlycoins feels the prohibition is “crypto’s biggest chance” and that the project is ready and willing to take the stage.

Adult Entertainers Will Be Supported by Onlycoins Digital Market.

Due to potential disputes with financial service firms, Onlyfans decided to ban “sexually explicit activity” in videos and photographs, which has become one of the most talked-about topics this week. Onlyfans said it made the choice to “comply with the requirements of our banking partners and payment providers” in a statement to the press. In addition, the spokesman stated:

“We must modify our content rules in order to maintain the platform’s long-term viability and to continue to host an inclusive community of artists and fans.”

Payment businesses refusing to deal with sex workers has been a problem for sex workers for a long time. Pornhub was compelled to accept cryptocurrencies like bitcoin and a variety of other digital currencies last year due to a payment blockage. Stripe, a business that also offers payment services to Onlyfans, bans pornographic material. In addition to conventional media coverage of the incident, digital currency enthusiasts have been discussing the restriction, with many believing that crypto might be used to circumvent it.

Onlycoins, an online content subscription business that accepts cryptocurrencies as payment, feels this is “crypto’s greatest potential,” and it intends to take advantage of it. Onlycoins is a digital content marketplace that “allows artists to sell material freely as long as it complies with legislation.” It has the same characteristics as Onlyfans.

The project is a multi-crypto asset venture that allows users to earn bitcoin cash (BCH), bitcoin (BTC), ethereum (ETH), binance coin (BNB), dogecoin (DOGE), litecoin (LTC), monero (XMR), dash (DASH), uniswap (UNI), and Coinflex’s flex USD token. Not only does the site accept cryptocurrency payments, but it also outperforms the competition in terms of commission rates. Clips4sale, for example, takes a 40 percent fee from its users, whereas Pornhub takes 32 percent, Manyvids takes 30 percent, and Onlyfans takes 20 percent.

According to the project’s press release, “Onlycoins have a chance to swoop in to help sex workers and online artists.” “The pornographic business has been embracing bitcoin payments, and the project may be in a great position to fill the vacuum created by Onlyfans’ departure, and evolve into a more dynamic, inclusive platform that goes all-in on cryptocurrencies.”

The ‘Sexually Explicit Conduct’ Ban at Onlyfans Starts on October 1st.

The Onlyfans restriction goes into effect on October 1st, and the company will prohibit any video or picture portrayals of “sexually explicit activity” from that point forward. Onlyfans continue to allow nudity, and the business claims it will provide additional information on the topic in the near future.

Onlycoins has had a lot of users using the platform on a regular basis since its introduction. The press release goes on to say that all you need to get started with the crypto-powered digital content marketplace is an email address. David Bond, a famous Youtuber and Bitcoin Cash enthusiast, uploaded a video on the Onlycoin project in March to demonstrate how it works to his 520,000 Youtube viewers.

What are your thoughts on Onlycoins and how they intend to compete with Onlyfans and other digital content marketplaces? In the comments area below, let us know what you think about this topic.

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