Adult site CamSoda will now let you pay for porn with Bitcoin

Adult entertainment company CamSoda has integrated cryptocurrency payments, enabling users to purchase tokens on the platform using seven different coins, including Bitcoin and Ethereum.

In addition to BTC and ETH, CamSoda users can also spend their Bitcoin Cash, Litecoin, and Tron alongside privacy-oriented coins Monero and Zcash.

“Now that we are seeing more adoption of the technology, we decided to give our users what they’ve been asking us for some time,” Daryn Parker, vice president of CamSoda told Hard Fork.

Cryptocurrencies will be accepted for several of the platform’s functionalities, including tips, live shows, and private chats.

CamSoda cryptopayments — Image via CamSoda

Webinar: Unicorn DNA: The Blueprint for Scaling Success

What does it take to build a unicorn? On November 19, 3pm CET, top executives of unicorn companies will reveal the mindset, strategies, and innovative thinking that propelled their companies to the top.

This, however, is not the first time that CamSoda launches a blockchain-related campaign. In December 2017, it launched an interactive platform called BitCast, which made it possible for users to pair their interactive sex toys with the performance of leading cryptocurrencies.

In March 2018, it made headlines again with the launch of CockBlockchain, a digital media exchange platform that allowed users to earn cryptocurrency by sharing their nudes.

However, CamSoda is hardly the only adult entertainment company to toy around with blockchain-powered payments. Fellow adult entertainment website Pornhub announced users could purchase a premium subscription with cryptocurrency in April last year.

Several months later, in September, Pornhub told Hard Fork that cryptocurrency payments accounted for less than 1 percent of sales made through the platform. Still, the company said it remained largely optimistic about the technology’s future.

News of companies accepting cryptocurrencies as a form of payment are usually well-received by the digital currency community, whose members are eager to spend their coins in the wild.

For the most part, businesses chose to diversify their payment methods as it helps them to maximize revenue and attract a previously untapped customer base.

It’d be interesting to see how many CamSoda users actually use cryptocurrencies to fund their voyeurism, and how this fares against all other payment methods accepted by the platform.

Did you know? Hard Fork has its own stage at TNW2019, our tech conference in Amsterdam. Check it out.