Quote:
Originally Posted by edgeprod
2) No need for a processor like BitPay, which can (and has, apparently) exclude adult transactions.
|
Lots of adult sites use BitPay, or at least was using until short time ago - where is the source of this info that BitPay excluded adult transact?
By the way I was contacted by some
https://www.gocoin.com guys , who was trying to get customers in adult market, I am sure they contacted a few others. They support litecoin and dogecoin too, so I was considering... but I asked them: your company is based in Singapore where it is illegal to deal with or bill for adult sites (provided them a link of Singapore laws). They said they will investigate the issue (like if they had no idea of this?), and not replied since, it is now several weeks.
To me, it looks like those bitcoin (and alt-coin) biller companies do this: setup, try to get everyone as merchant, then only later, they figure they have to drop several, including adult sites. For example Coinbase got $30 million funding by venture capital, what if some of these guys will not like articles about they fund porn processors? Coinbase willl then go the Apple Store way cleaning all the porn.
More than a problem of bitcoin or wankcoin, it is the matter of the biller or exchange company... those mainstream and venture funded may accept also adult sites first in order to make more numbers to show, but then kick out the dirt at later stage. Remember about adult that american express and paypal first billed for, then no more.
It makes most sense that adult billers or companies will setup whatever-coin billers at low fees, for bitcoin , litecoin or whatever for adult sites. Much like for dollars, everyone moves dollars, just some don't do for adult sites. Is not the dollar or bitcoin, is the bank and biller.