'Titcoin' Aiming to Be Adult's Own Cryptocurrency

CYBERSPACE — Move over bitcoin, "titcoin" wants to be adult’s very own cryptocurrency.

Although a number of industry companies have already adopted bitcoin as a means to pay for online porn, titcoin claims to be the first digital currency aimed squarely at the porn industry.

The brainchild of finance types Edward Mansfield, Richard Allen, and a third anonymous founder, the payment method recently created a buzz on a bogus YouTube introduction video.

But in a Vice interview, the creators said titcoin is for real, works like the myriad other methods, and is ideal for secret porn purchases.

A host of cryptocurrencies have come and gone since bitcoin’s boom in popularity, but none have been aimed at a specific industry like titcoin — especially for adult products.

“In the future, you might have a bitcoin account with your spouse. You may not want them to see you purchasing products or subscriptions on adult sites, so having an industry-specific coin has certain advantages for consumers,” Mansfield told Vice.

A total of 69 million titcoins will reportedly be in circulation once they’re all mined.

Mansfield said that a number of adult performers have contacted him about using titcoin and one very popular male star is interested in becoming a partner whose name could skyrocket the currency.

Right now the operators said it’s been contacted primarily by smaller and “fringe” porn companies but they’ve been talking to a few of the big players including Brazzers. “In fact, we were talking to them before they started accepting Bitcoins. We kind of feel like we nudged them in that direction. But some of the other ones we are talking to are very suspicious of digital currency as a whole. It’s not surprising. These types of industries are very technologically advanced when it comes to media content and video streaming. But I feel that when it comes to the financial aspect of subscription-based services, they tend to be a little bit gun-shy,” Mansfield said.

Related:  

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Fleshy to Launch Interactive Cam Site 'Eremote'

Male pleasure brand Fleshy has announced that it will launch an interactive, bidirectional cam site next month called Eremote.

XBIZ LA Show Introduces New 'Crib Crawl' Feature

XBIZ is pleased to announce that the 2025 edition of its flagship conference, the XBIZ Show, will debut a brand-new feature: Crib Crawl, offering attendees the chance to meet and greet representatives from leading brands and organizations in dedicated suites at the host venue.

Pre-Nominations Now Open for 2025 TEAs

The pre-nomination period for the 2025 Trans Erotica Awards (TEAs) is now open.

Byborg Invests $22.35M in PLBY Group

Luxembourg-based Byborg Enterprises SA is investing $22.35 million in Playboy parent company PLBY Group.

Supreme Court to Hear Oral Arguments on Texas AV Law in January

The United States Supreme Court has scheduled oral arguments for Free Speech Coalition's challenge to Texas’ age verification law to take place Wednesday, Jan. 15.

2025 XBIZ Exec Awards Nominees for Online Industry Announced

XBIZ is pleased to announce the nominees for the online industry edition of the 2025 XBIZ Exec Awards, set to be presented as part of the annual XBIZ Honors ceremony on Wednesday, Jan. 15 in conjunction with the XBIZ 2025 conference.

Project 2025 Leader Claims Big Tech Companies 'Deliberately Fuel Pornography Addiction' Among Men

Heritage Foundation president and Project 2025 leader Kevin Roberts published on Wednesday the text of a speech in which he persists with his past claim that “predatory Big Tech corporations” are “deliberately fueling pornography addiction” among young men.

FSC Petitions 10th Circuit for Review of Utah AV Dismissal

Free Speech Coalition (FSC) on Wednesday petitioned the United States Court of Appeals for the 10th Circuit to review a decision handed down earlier this month by a three-judge panel of the same appeals court, which denied FSC the right to challenge Utah’s controversial age verification law by suing state officials.

MyAdultAttorney's Corey D. Silverstein to Hold Post-Election Legal Impact Webinar

Industry attorney Corey D. Silverstein will hold a “Legal Impact” webinar titled “We Have a New U.S. President: Legal and Community Implications” on Nov. 12 at 1 p.m. PST.

Pornhub Shuts Down Access in Oklahoma Over Age Verification

Aylo began geo-blocking Pornhub across Oklahoma on Tuesday, three days in advance of the state’s new age verification law, SB 1959, taking effect.

Show More