OnlyFans reverses decision to ban porn after assurances from 'banking partners'
At least one bank appears to have changed course after OnlyFans went public about banks blocking payments. OnlyFans has made a sharp u-turn on its decision to ban sexually explicit content after it received a backlash from creators and some new assurances from at least one bank suffering bad PR.The platform became wildly popular by connecting online sex workers to subscribers, but this has not gone down well with a number of major banks.The firm was forced to change its policy on Aug. 19 to prohibit “sexually explicit conduct” following pressure from the Bank of New York Mellon, Metro....
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Attempts by traditional financial institutions to censor adult content on OnlyFans have highlighted the need for decentralized platforms, according to Dfinity founder Dominic Williams. Dfinity founder Dominic Williams believes content creation platforms like OnlyFans are ripe for disruption now that decentralized technologies have become mainstream. He’s inviting developers to build a blockchain-driven content platform on Internet Computer (ICP) — a powerful general-purpose blockchain launched by Dfiniity Foundation earlier this year.In an interview with Cointelegraph, Williams discussed....
The crypto industry saw the opportunity of a lifetime this year when OnlyFans, a platform known mostly for its adult content, announced it would ban sexually explicit content. The crypto and porn industry together represents a very profitable merge that has just started to happen. The world of payment methods has a history of hypocrisy, control, and morals, and it tends to not support anything related to sex work. Reportedly, earlier in the year OnlyFans had decided to shut down all sexually explicit content because of pressure from banks and payment processors. There was a huge backlash....
As OnlyFans plans to ban sexually explicit content over pressure from banking partners, Bitcoin offers the chance to promote freedom.
With the exception of crypto and related sectors like NFTs, throughout the course of history, most of today’s most mainstream technologies got their start start toward adoption thanks to the adult entertainment industry. Today, the porn industry has been disrupted by online economies such as OnlyFans, and because of the digital context, the adult work […]
Former Boston ICU nurse Allie Rae made international news in August last year after she was fired for running an extremely naughty Only Fans account on the side. The story appeared everywhere from the NY Post, to CNN, The Daily Beast and she even made an appearance on Dr Phil.The resulting publicity saw fans subscribing in droves and the 37-year old mother of three now makes more than $200,000 a month.But the same sort of moralizing and censorship that ended her nursing career also threatens her newfound wealth from Only Fans. Just six days after her story was made public, Only Fans....