It’s no secret that the mainstream monetary system for intercourse employees is discriminatory and damaged. Fee processors resembling Visa and Mastercard are getting increasingly stricter with the grownup leisure house because the stigma towards intercourse employees continues to linger—as all of us witnessed again in August, when OnlyFans suddenly announced they would be banning “sexually explicit adult content” from their platform, thereby placing hundreds of thousands of intercourse employees out of labor, solely to reverse course a month later after receiving excessive backlash.
They weren’t the primary grownup platform to fall sufferer to Visa and Mastercard’s dated calls for. Pornhub made an identical announcement in 2020 when Visa suspended purchases on the platform quickly following a skewed New York Occasions investigation, and simply this month, AVN Stars and GayVN Stars announced they too would finish “monetized content material for creators” on their platform by Jan. 1, 2022, as soon as once more citing banking discrimination. The Free Speech Coalition (FSC), which advocates for the rights and freedoms of intercourse employees, responded in a statement: “Corporations like Mastercard are actually accomplices within the disenfranchisement of hundreds of thousands of intercourse employees, complicit in pushing employees away from independence into doubtlessly extra harmful and exploitative circumstances.”
OnlyFans, arguably the most important platform for user-generated grownup content material, has over 150 million customers—and over 2 million of these are content material creators. Lots of their creators ran to platforms like Fansly and JustForFans after the OnlyFans announcement again in August. Creators could have discovered secondary and tertiary platforms to promote their content material (for now), however what makes these platforms proof against falling sufferer to Visa and Mastercard down the highway? The reply is easy: They’re not immune. They too reply to Visa and Mastercard identical to OnlyFans, and it’s solely a matter of time earlier than all platforms accepting fiat as cost will discover themselves “cancelled” or suspended from paying their grownup entertainers on the platform. The place does that depart the creator? I’ll inform you: again to sq. one, with their companies on the mercy of the banks.
As an grownup entertainer myself and powerful advocate for the intercourse work trade, I couldn’t sit again and permit this to occur. I assumed to myself: I’m going to be the face of this trade to search out us an answer as soon as and for all. I recognized the issue—the banks—and the answer turned very clear: eliminate the banks. It turned apparent to me that what this trade wanted was a cryptocurrency-powered grownup leisure platform. I’m planning on investing $1 million into constructing my very personal platform: WetSpace.
WetSpace is a crypto-based platform offering dependable cost processing for creators and the anonymity that’s typically desired by our followers. WetSpace offers the medium that can propel digital currencies into grownup leisure and revolutionize the group by creating an ecosystem for the NSFW trade. It’s an agnostic platform that can combine with crypto currencies which have the most cost effective charges, quickest processing occasions, and are probably the most environmentally pleasant.
It will likely be a spot the place creators won’t want to fret about huge banking restrictions and payouts, as a result of when utilizing cryptocurrencies, the cost is prompt and goes straight into your crypto pockets (sure, that additionally means no chargebacks too). To not point out, you’ll maintain extra of your cash on WetSpace. As a result of I imagine on this a lot, we’ll have one of many lowest fee charges within the trade at solely 15 %.
So, my ultimate message is to the creators, fashions and grownup entertainers: What’s your answer to all this? Are you ready to only hop round from platform to platform, hoping you may proceed to develop your online business there long-term with out them shutting you down? Or are you able to take your online business to the subsequent degree by becoming a member of WetSpace, the place we don’t reply to the banks, we reply to you?