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Porn Website CamSoda Now Accepts Cryptocurrency » BitcoinerX

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Popular porn webcam site CamSoda is now accepting cryptocurrencies, such as Bitcoin, Litecoin, Zcash, Monero, and more.

One means of cryptocurrency gaining greater acceptance in the mainstream is the ability to be used for popular items. One common scenario is being able to use Bitcoin to buy your daily cup of coffee. Another possible frontier is the pairing of cryptocurrency with porn. While many pretend to ignore its existence, porn is one of the most popular features of the internet. Now a major adult webcam streaming site is accepting a bevy of cryptocurrencies as payment options.

Crypto Options on CamSoda

CamSoda is a popular porn webcam site, and it recently began allowing users to use cryptocurrency to buy tokens, which are used to tip the models and pay for private viewings.

The number of cryptocurrencies accepted by CamSoda is actually impressive. The site accepts Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH), TRON (TRX), Monero (XMR), and Zcash (ZEC).

Adding the ability to use cryptocurrencies is a smart decision by the adult site. Daryn Parker, the VP of CamSoda, says most of their customers use prepaid credit cards in order to maintain some form of anonymity. Plus, no spouse wants their significant other to notice porn-related charges on their monthly credit card statement. Cryptocurrency offers another avenue of providing some form of anonymity.

Lower Costs Help the Models

Parker notes that using cryptocurrency drastically lowers costs, which benefits the models when they are paid. He gives an example of paying models in Romania (a good number of the site’s models hail from the country), saying:

There’s a huge number of models in Romania. Say you’re an independent model in Romania, and you earn $500 a week. To get that wire might cost you $100 in fees, so it really takes a significant dent out of your work.

Instead of paying $100 in fees to transfer the model’s payment, the transaction cost is lowered to just a few dollars using cryptocurrency. More payment options, lower costs to pay models – everybody wins.

Parker says that the response has been greater than expected. The site anticipated that a small number of crypto whales would use the new option, but they found that users are actually buying $50 or $100 in tokens instead. The actual percentage of users using crypto is less than one percent so far, but Parker says the number of users is higher than they thought it would be at the start of this new feature.

Pornhub said something similar after they began accepting cryptocurrency. While such a number seems small, you have to remember that these porn sites get billions of visitors a year, so even a one percent rate for crypto is a good revenue stream.

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