There are many correlations between the world of Bitcoin and the adult industry, which does not necessarily have to be a bad thing. Bitcoin is a commonly used payment method for adult memberships all over the world, simply because it leaves no paper trail like credit card statements do. But there is more to this story than just that, as Coinsnap received an XBIZ-Awards Nomination.
XBIZ Award Nomination For Bitcoin Company Is Uncommon
The XBIZ Awards are relatively unknown outside of the adult industry but that doesn’t make them less valuable. The adult industry has become so popular over the years because of its sheer amount of different payment methods. While credit cards remain the most popular solution for adult subscriptions, Bitcoin is quickly growing in popularity.
For the adult industry, Bitcoin payments make a lot of sense, allowing users from all over the world to use digital currency to pay for goods and services. The Award nomination for Coinsnap – a Dutch Bitcoin payment provider – goes to show how much the industry appreciated these alternative payment services that enable Bitcoin payments.
Among the early adopters of Bitcoin payments in the adult industry are websites such as porn.com, Hustler, and even Playboy. Over the course of recent years a lot of platforms and services have joined the Bitcoin bandwagon, as the digital currency allows cheap, safe and more convenient payments.
“Our complete service model that offers an API and numerous payment gateways for online as well as for mobile applications and fast, hassle free payouts of the sales price in euro or dollar truly helps our clients to tap into the fast growing Bitcoin market at lowest fees, with no cash-back risks at all.“ – Coinsnap CEO Stephan Wetzmueller stated in a press release.
Despite the obvious use case for Bitcoin payments in the adult industry – digital goods and services require quick and convenient payment methods – there are other benefits to accepting the digital currency as well. Social networking sites, gaming sites, and other online access-based platforms can all benefit from Bitcoin payments.
To this day, there are a lot of businesses who are not aware of Bitcoin’s existence, let alone why digital currency payments could be beneficial to them. Not only would they be able to reduce overhead costs on transactions but it would also open up their business to a worldwide audience who can use frictionless payment methods.
Recognition For Bitcoin is Always Good
Even though this XBIZ Award nomination might just turn out to be a blip on the radar, any type of official recognition for Bitcoin is more than welcome at this point. Over the past few years, Bitcoin’s public image has taken a severe beating, with the digital currency beeing involved in shady marketplace projects. In recent weeks, Bitcoin has been – wrongfully – linked to terrorism funding.
It is only a matter of time until more companies in the adult industry recognize the potential of Bitcoin payments. We can only hope to see other platforms and services follow this example in the near future, as it would give Bitcoin a more legitimate appeal.
Source: Press Release via Email
Images courtesy of Coinsnap, XBIZ Awards, Shutterstock