Introduction
The prostitution industry is here to benefit from embracing the cryptocurrency industry, this might sound so unreal but its very logical. Blockchain industry is here as a safe haven to solve the rigorous financial bane inflicted on sex workers . Gingr a new company on the blockchain aims to revolutionize the prostitution industry by adding cryptocurrency as a payment option for sex workers.
When it comes to adult entertainment business, the sheer number of various legislation and regulations internationally corresponds with the unnerving bulk of threats and challenges still faced by sex workers universally.
Cryptocurrency is a relatively new player in the global financial system but could potentially help solve the issues faced by of one of the oldest industries in the world.
Challenges Faced By Sex Workers Globally
Women working in the sex trade around the world often share histories of abuse, violence, residential instability, racism, and discrimination. These experiences, combined with a lack of formal educational or job experience, contribute to economic insecurity. Most became involved in the sex trade as a means of survival. Once involved, they face daily challenges to meeting basic physical needs, such as food, clothing, and shelter, as well as social needs, such as safety and connection to others. Those who work toward leaving the street face additional barriers in their own personal lives, their families, and in the greater community. We interviewed women in Ibadan city who were actively involved in the sex trade as well as women who had left the sex trade, to understand their past experiences, current realities, and how they saw their futures. Together, multiple challenges exist for sex trade workers in disadvantaged urban neighbourhoods that serve as barriers to exiting the sex trade, and contribute to their challenges in Ibadan city communities, such as poor housing and social exclusion. Sometimes
when it comes to receiving money for sexual services or any type of sex work via banking institutions or online payment systems, sex workers face numerous challenges. No bank managers will invest in loans to sex workers, knowing where their income comes from. At the moment, if you have a bank or a PayPal account in the UK, and PayPal would find out you were paid for providing sexual services, they would close that account.
There are a couple of prepaid credit card accounts that are allowed to be used in the UK by sex workers but you are looking at massive, massive interest charges.
Furthermore, in some countries whereby taxation is fully tailored for instance in the UK , sex workers will be fined repeatedly for not able to show invoices from clients because of the nature of there work as many receive cash payment.
Solution
Gingr is the first worldwide direct end to end booking platform for prostitution using Blockchain Smart Contract Technology. A modern, humorous and user-friendly way to book and pay for sex-worker services. Gingr takes care of everything so you don’t have to.
A new global ecosystem with its own currency for safe and anonymous payments. A crypto coin which will revolutionize the way transactions are made in $186 billion market. Tokens are the equitable part of the company. They are ordinary shares with the same rights as you would expect from any other ordinary share, with each share representing a part of the company. Sale starts in 2020.
Gingr is launching the sale of GG Coin, a unified adult-industry cryptocurrency issued on the Ethereum blockchain, which complies with the ERC-20 standard. GGC will be freely transferable on the Ethereum platform.
GGC is the local Gingr logo, a unified encryption mark that allows prostitutes to quickly and easily check for transferable funds. Through our cooperation agreement, GGC will be widely accepted by the industry. The goal of these companies is to solve the key problems of the prostitution market through innovation and growth by providing solutions to banking and payment problems, and it is possible to transfer funds in legal currency and then use them for everyone. Independent cost side.
Global demand for cryptocurrency usage in the sex working space is one of the main goals of Gingr. That’s why Gingr designed a buyback strategy for GGC which will reduce the total number of GGC to 500 million over time. This highlights the company’s strategy to support a secondary market performance of GGC.
GGC is the local Gingr logo, a unified encryption mark that allows prostitutes to quickly and easily check for transferable funds. Through our cooperation agreement, GGC will be widely accepted by the industry. The goal of these companies is to solve the key problems of the prostitution market through innovation and growth by providing solutions to banking and payment problems, and it is possible to transfer funds in legal currency and then use them for everyone. Independent cost side.
Gingr aims to solve all these challenges using blockchain technology it provides detailed historical financial transactions between service providers, their customers and other third parties, stored on an immutable ledger. Furthermore, the technology enables smart contracts, which are self-executing contracts between the service provider and customer, compiled directly into machine executable code.
Gingr Aims
Gingr will give sex workers the opportunity to be independent. They can manage their own finances and clientele, while limiting the risks involved with being independent.
Gingr aims to provide all things necessary for a sex worker to connect with their client and, if an appointment is made, provide payment options for the provided service. On top of that, gingr aims to provide an option to book a location for an appointment, as well as transportation. Gingr provides everything necessary for both sex workers and clients to meet their needs. All is on the blockchain, which provides trust and security in the shared information, while keeping the option to stay anonymous for the outside world.
You can learn more about Gingr project below here.
Website : http://ggcico.io
White Paper : https://api.ggcoin.ch/download/pdf/ggc-white-paper.pdf
Twitter: https://twitter.com/GingrICO
Facebook : https://m.facebook.com/gingr.ch
Reddit : https://www.reddit.com/r/gingr
Instagram : https://instagram.com/gingrerotic
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