SpankChain is a company that offers blockchain-based solutions for the adult industry. Their primary product, SpankPay, allows models and merchants to accept cryptocurrency payments and enjoy the benefits of financial freedom. SpankPay offers low transaction fees and the option to hold earnings in USD and cash out to a bank account.
The team at SpankChain is looking to address issues faced currently by the adult entertainment industry, such as the lack of mainstream financial service provision and the fact that entertainment performers are being charged high fees by middle men (e.g. on cam site operators) due to lack of competition.
SpankChain is building a blockchain-based framework to enable performers to earn fees directly and return self-sovereignty.
