SpankChain launches a crypto payments service for adult content providers

SpankChain, an adult industry-oriented blockchain project, has launched a cryptocurrency payments platform, CoinDesk reports. Dedicated to helping adult content providers maintain a reliable payments provider in the face of a largely reluctant traditional finance industry, the new SpankPay service allows users to pay with cryptocurrencies including bitcoin ($BTC), ether ($ETH) and litecoin ($LTC), as well as the “privacy coins” zcash ($ZEC) and monero ($XMR).

“With SpankPay, we are bringing immediate value to adult merchants by helping them accept crypto, avoid chargebacks, and reach a global audience,” said Ameen Soleimani, CEO of SpankChain.