LOS ANGELES — SpankChain has launched its SpankPay crypto payment solution, onboarding its first two integration partners, SkyPrivate and JustFor.fans.
According to the company, SpankPay offers a simple, seamless, low-cost way for users to consume adult content online through a number of different cryptocurrencies — including BTC, ETH, LTC, Zcash, Monero and most other top cryptocurrencies, for both instant transactions and one-click purchasing; while merchants can take advantage of SpankPay’s 0.5 percent transaction fees to lower costs and increase platform revenue.
This is the second major product release for SpankChain, a company building blockchain-based economic and technological infrastructure for the adult entertainment industry. The first, a cam site, Spank.live, recently opened up to international models and added credit card processing. It is scheduled to have this new version of SpankPay integrated to allow for a single payment solution across a number of different online adult sites.
“With SpankPay, we are bringing immediate value to adult merchants by helping them accept crypto, avoid chargebacks and reach a global audience,” said SpankChain CEO Ameen Soleimani. “We are proud to launch it with SkyPrivate and JustFor.Fans, which are led by two of the most forward-thinking business leaders in the adult space.”
“Every human being deserves to have the same equals rights and that everyone must be paid for their time and knowledge,” SkyPrivate CEO Alex Bluck explained. “The way we fight for equal earning opportunities is by building friendly payment tools on top of communication channels people around the world already use.”
“We are excited to offer cryptocurrency payment options to our subscribers. Using SpankChain, we don’t have to worry about being shut down due to the fact we are an adult company,” JustFor.fans creator Dominic Ford said. “We’d much rather support our fellow adult solution providers than use outside solutions that are potentially not adult-friendly.”
Developers can get started with the SpankPay SDK and APIs here.
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