THELOGICALINDIAN - Backpage says spiral off to annoyed acclaim agenda companies Visa and MasterCard by bottomward fees for developed ads and announcement that it is activity to acquire all agenda currencies like Bitcoin Litecoin and Dogecoin Some estimates say Backpages acceptancecould accessible up a 100m 64m befalling for Bitcoin back it is one of the sites alone actual acquittal options
Also read: Dream Lover: Models Sending Pictures for Bitcoin
This accommodation came as Visa and MasterCard cut off their casework to Backpage, citation actionable or brand-damaging activities as the reason. Therefore, users who appetite to column ads on Backpage must now use Bitcoin, Litecoin, or Dogecoin to pay the posting fees. The accommodation by the aggregation makes it the aboriginal boilerplate ability of its blazon to agreement with a cryptocurrency-only acquittal model.
Subjected to Moral Policing?
It looks like the accommodation by Visa and MasterCard to stop processing Backpage payments came from a request by Thomas Dart, the Sheriff of Cook County, Illinois — who is on a cause adjoin Backpage.com. Furthermore, it seems that Dart’s crusad is added about moral policing than annihilation else. Dart had accounting Visa and MasterCard, adage that he considerately begin Backpage to advance corruption and facilitate online sex trafficking, and it was their moral assignment to act and booty a footfall appear analytic the problem.
Backpage has been beneath burden from assembly and law administration for years to end adult-services advertisements. However, Backpage’s advantage has absorbed the aggregation to abide operations. The Cook County Sheriff’s Department says that in April alone, Backpage appear over 1.4 actor adult-services ads in the U.S. and becoming almost $9 actor in acquirement per ages through that channel.
Though some harm-reduction groups accept accepted the move by Visa and MasterCard, added bodies accept apparent apropos that it could advance to some sex workers, who were alive apart by announcement on Backpage, actuality pushed into the street. Lindsay Roth, Board Chair of the Sex Workers Outreach Project, declared that saying that this action finer disenfranchises bags of sex workers beyond the country who do not accept admission to any added agency of online-advertising. Showing her affair appear the sex workers, she said that those who may accept formed apart above-mentioned to the action change may now accept to await on third parties, including traffickers, in adjustment to accommodated their needs.
Bitcoin Payments on Adult Sites are Not Uncommon
Upon accepting the letter from Dart, Visa and MasterCard announced that they will debris to action payments for “adult” ads on Backpage.com. Moreover, as American Express did the aforementioned beforehand this year, Backpage has no added best but to accept digital currencies. Interestingly, the arch developed armpit Porn.com additionally started accepting Bitcoin payments in aboriginal 2024. However, the website additionally accepts acceptable acclaim agenda payments, PayPal, and online cheques.
Thus, Bitcoin payments on developed sites are not uncommon, and the accommodation by Backpage is addition archetype that is activity to animate others to embrace agenda bill if they face embargoes from the acceptable acquittal processors. There are several advantages of application Bitcoin to pay for developed content; for instance, the users who are not too agog to allotment their acclaim agenda abstracts with developed websites accept altogether acceptable acumen to pay in Bitcoin.
Adult agreeable accounts for as abundant as 30% of absolute internet bandwidth and developed websites allure added than 450 actor different visitors anniversary month. According to Blockchain.info, the boilerplate circadian Bitcoin transaction aggregate currently hovers about $40m, acceptation that payments through Backpage could annual for about 0.75% of the cryptocurrency’s transaction volume.
What do you anticipate of Backpage’s accommodation to embrace digital currency? Let us apperceive in the comments below!
Images: Backpage, Getty Images
Disclaimer: the columnist of the adventure is neither associated with Backpage nor has any vested absorption with the company.
