XXX Sex Contacts is Hooking-Up with Bitcoin
Bitcoin: The influx of new digital technology is drastically changing how people seek adult entertainment – and how they pay for it.
In addition to paying for adult content with a credit card, we have also seen the introduction of mobile micro-billing (PSMS), allowing individuals to pay for adult entertainment [content and services] via their mobile phones.
Payment Services Directive (“PSD2“)
Recent changes in legislation have seen an upward shift in ‘regulatory interference’ which imposes involuntary restrictions on the rights of individuals to pay for (adult entertainment) services by restricting the amount they can spend on a daily or monthly basis, irrespective of the individual’s wishes.
As a consequence of this regulatory change to mobile-billing, which came into force on 13th January 2018, we are keen to find an alternative solution which will enable people to continue to use our service, should they wish to do so. We see Bitcoin as a potential solution which will meet our service users’ needs.
Each to their own
Whilst it may be normal for the majority of adult services to be paid via a monthly subscription payment, XXX Sex Contacts needs a more flexible solution because our service is one in which users jump in and out, as and when it suits them. Consequently, a subscription-based model doesn’t really fit with our service.
Mobile micro-billing worked well for our service users until the new legislative changes restricted service access, leading to significant frustration being expressed by our service users.
We see Bitcoin (cryptocurrency) as a commercially viable solution which can deliver the flexibility consumers want, and effectively remove the unwanted and unwarranted regulatory restrictions imposed by PSD2.
It is likely that adults the world over will increasingly turn to Internet-based services for the majority of their entertainment over the next few years. We can already see this in the changing habits of using pay-TV bundles; now, it is ‘a la carte’ internet streaming using smart devices which are becoming the standard.
Our own research suggests around 70% of consumers expect to access porn and adult entertainment/content via the internet
XXX Sex Contacts is a niche adult entertainment service which we believe will benefit greatly by offering Bitcoin as a payment solution to accessing our premium adult service. We are aware that online casinos and even escort services have increasingly experimented with the added flexibility and control that Bitcoin offers. So it makes perfect sense for us to explore the possibilities.
Initial forays into offering our service users a more tailored experience, through Bitcoin, will begin with a simple ‘adoption’ for payment. Just as with other industries, we see Bitcoin usage for adult content and services evolving.
Time for a step-change
In an effort to break away from PSMS, and the regulatory restrictions imposed upon consumers, we are in effect moving away from the bill-to-mobile method we have used for more than a decade – which until recently, met the needs of our service users.
It is possible we will continue to offer PSMS, certainly for the time being, as a secondary option but in reality, we see Bitcoin as the solution to securely paying for premium adult content and services online.
We view Bitcoin as the key to creating open-access, consumer fairness and billing transparency which the adult industry generally has not been known for.
One of our goals is to provide an entirely Bitcoin-powered platform. This will allow our service users to fund their account with Bitcoin and spend it to access their dream girls and enter into fantasy roleplay scenarios, free from service access restrictions imposed by the mobile networks – restrictions people don’t want and didn’t ask for.
With Bitcoin currency it should be possible to access and use the service almost immediately.
The ultimate goal is to become the adult version of Amazon’s on-demand and broadcasting service Twitch, where service users will be able to engage in adult sexting in exchange for Bitcoins. We aim to look to the longer-term convenience of our users by building a Bitcoin payment infrastructure in-house.
We are not trying to reinvent the wheel
Emma Valasco (XXX Sex Contacts) gives an insight into where the company sees things, as well as giving an additional perspective on how people’s habits regarding accessing adult content and services are shifting into new territory.
Emma Valasco speaks:
The consumer adult entertainment market is evolving to include more demand for a la carte services, in addition to changes in areas such as age verification etc. Offering premium adult services via Bitcoin payment should give us a unique selling point as the market changes, evolves and intensifies.
We can see increasing demand for premium adult services in all niches. This being said, Bitcoin is not an original idea which plans to reinvent the wheel… but rather a response to consumers’ need for a fast, secure, transparent payment platform.
It has been generally discussed that for Bitcoin to succeed in adoption it needs to deliver exactly what consumers want, and believe it will.
We are convinced that offering cryptocurrency as a payment option is a win-win situation. Over the last few years we had the chance to see with our own eyes the growth of cryptocurrency and in our estimation Bitcoin is the most capable digital currency.
Alternative cryptocurrencies have emerged but they linger in Bitcoin’s shade. At some point, Bitcoin itself will disrupt the consumer market and Porn is one of the best domains it can move towards.
Please let us know what you think. Do you believe Bitcoin is a great way to pay for adult premium services? If you do, then tell us. If not, tell us why…