With the growing popularity of Bitcoin and other cryptocurrencies, more people than ever are gaining exposure to using Bitcoin as a payment method. Cryptocurrencies have been featured in news articles for years, but with prices hitting new all-time highs, mainstream adoption is looking closer than ever.
Its no wonder that many companies are starting to hop on the bandwagon by allowing payment by crypto on their websites. However, there are still some companies that are holding out, or don’t seem to realize the benefit to accepting crypto.
Chief among the reasons for businesses to accept Bitcoin is the fact that it provides a high level of safety and security for their customers. This is one of the main reasons we have found on why consumers like having the option to pay for membership to Adult websites with Bitcoin. Gone are the days when you have to worry about whether signing up for a porn site is going to result in fraudulent charges, or worse, having your identity stolen.
With the market cap of cryptocurrencies rising, and the price of Bitcoin rising, there are a lot of young adults with large amounts of net worth. This opens up a new market segment of consumers that now have buying power that was not present before. We are now starting to a new demographic of users start to experiment with memberships to adult content providers. This demographic previously was largely untapped by the adult market.
Just 4 years ago, there was only a handful of adult sites that accepted Bitcoin. However, in that time the number of sites has grown exponentially. Verotel, one of the adult industries leading payment processors when it comes to niche and fetish sites, began accepting Bitcoin payments for porn memberships, which sparked a largescale adoption among other content provider networks such as Naughty America, which has over 46 websites on its network.
Bitcoin adoption amongst adult websites has increased over 1000% since 2013
With many such networks now on board with Bitcoin, the total number of sites accepting Bitcoin has reached into the thousands. It has never been easier for purveyors of adult material to gain access to niche content more safely and easily. A longstanding issue with subscription based services that the adult industry tends to employ is the difficulty in cancelling the subscription, or just the tendency to forget to cancel. Another issue is the embarrassment of having a X-rated title show up on your credit card statement.
Moving forwards, we expect to see crypto acceptance reach mass adoption amongst all adult content providers. Based on previous levels of adoption, we are forecasting another exponential increase by 2019. By the end of 2019, all major adult content providers will accept cryptocurrency, as well as most smaller adult sites. You will have trouble finding a porn site that doesn’t take Bitcoin.
Interested to see which sites currently accept Bitcoin? Check out our constantly updating list of Bitcoin porn sites.