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Edward Snowden Says Bitcoin Can Solve OnlyFans' Ban on Adult Content

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Fri, 08/20/2021 - 06:11
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Alex Dovbnya
The cryptocurrency community is calling for the creation of a crypto-based OnlyFans alternative following the ban on adult content
Edward Snowden Says Bitcoin Can Solve OnlyFans' Ban on Adult Content
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Famed whistleblower Edward Snowden has weighed in on the OnlyFans bombshell, claiming that Bitcoin could be the solution in a recent tweet.  

On Aug. 20, the online subscription website imposed a blanket ban on adult content, throwing the vast majority of its creators under the bus.

OnlyFans, which thrived off of adult models, was forced to kill its golden goose, after facing “mounting pressure” from baking partners and payments companies.

Many believe that the ban poses a massive opportunity for a cryptocurrency-focused alternative given the size of the market. 

Related
Pornhub Now Accepts Crypto Through PumaPay Service
As reported by U.Today, Pornhub embraced digital currencies after its models were cut off by PayPal back in 2019, but OnlyFans didn’t follow the same path.

After all, switching to alternative payments methods is not an easy feat. Backpage.com, an adult-oriented Craiglist alternative that chose to accept Bitcoin, was shut down by the feds in 2018, with its CEO Carl Ferrer pleading guilty to money laundering.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.