While we've seen many industries flock to blockchain not only for the freedom it gives but the security, this is an industry riddled with problems...
Adult entertainment.
Adult entertainment is easy to copy, there are tons of sites that allow people to steal and upload videos, and most people don't know what they are getting.
That's why Vice Industry Token (VIT) was created.
VIT was an ICO that launched and collected over $22 million in cryptocurrencies to help monetize and incentivize viewers to watch porn...
Yes, incentivize them.
And in today's news, they have a major company about to accept their cryptocurrency.
Playboy Opens Cryptocurrency Wallet, Starts Accepting Vice Tokens (VIT)
Let's start with what happened then we will move to why.
Playboy has been long looking into cryptocurrency and emerging technologies for the growth of their industry.
VR, AR, and cryptocurrency all go hand-in-hand.
Their Chief Commercial Officer talked about Playboy needing to give their customers more flexible payment options stating:
“This innovation gives the millions of people who enjoy our content, as well as those in the future who participate in our casual gaming, AR and VR platforms, more choices with regard to payment and in the case of VIT, an opportunity to be rewarded for engaging with Playboy offerings.”Although, there has been some trouble in integrating cryptocurrency and the adult entertainment industry, as Bitpay (a primary Bitcoin payment processor) recently updated their terms and banned explicit content.
Despite Bitpay blocking adult entertainment, Vice Industry Token tweeted the partnership as Playboy gears up to accept crypto.
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>VIT is proud to announce @PlayboyTV integration with VIT tokens. By integrating with #VIT, visitors will be able to pay and earn tokens to view original content, #Crypto #Blockchain #Crowdsale #Playboy #ViceIndustryToken https://t.co/BPEKZh7Piv pic.twitter.com/8LSSGJLXs6
— Vice Industry Token (@ViceToken) March 14, 2018
Playboy.TV will be the first place that the token and cryptocurrency wallet is integrated.
They will be accepting cryptocurrency and VIT coins for exclusive content, while also rewarding viewers for watching free content, commenting and liking certain videos, which they can then use the exclusive content.
We will keep you updated with these latest developments.
Thanks for reading,
The GCA Team
[poet-badge]
Posted from my blog with SteemPress : https://globalcryptoacademy.com/playboy-goes-blockchain-cryptocurrency-wallet-and-vice-token/