Is Bitcoin becoming the currency of the porn industry?

Mastercard and Visa end cooperation

Bitcoin Währung PornoindustrieBitcoin Währung Pornoindustrie

Both Mastercard and Visa ended their collaboration with Pornhub last year.

Mastercard stated:

‘Our investigation over the past few days has confirmed the fact that the site violates our standards and immoral content.

This generally shows the problem adult content platforms have with payment service providers. No one wants cooperation, and if they do, only with regulations. American banking systems are systematically working to restrict an entire sector of society with rules.

For example, Onlyfans also plans to ban sexual content in the future in exchange for pressure from banking partners.

Accordingly, they have been thinking about switching all payments to the porn industry as well as sex workers to Bitcoin for quite some time.

How much money is in the porn industry?

A few facts about the porn industry’s sales and click numbers:

  • Sales and rentals of pornographic films: $3.6 billion US (Annually)
  • Usage via internet platforms: 2.84 billion US dollars (annually)
  • Magazines: US $0.95 billion (Annual)
  • 25% (68 million) of all requests on the internet are about pornography (daily)

The user numbers of the largest porn platform taper off to 1.63 billion views per month. This is just one of many platforms.

The emerging, increasingly popular platform Onlyfans brings it to $2.2 billion in revenue last year alone.

Onlyfans is seen as a social network where posts, photos and videos can be shared. Unlike Facebook or Instagram, however, users are free to charge for their profiles. That is, followers or fans must pay a certain monthly subscription fee to see content.

As we can see, there is a huge potential and billions of business in the porn industry and Onlyfans.