Coinsnap Receives 2016 XBIZ Awards Nomination

NIJMEGEN, The Netherlands — Bitcoin payment provider Coinsnap has announced that it was nominated "Alternative Payment Services Company of the Year" for the 2016 XBIZ Awards.

"XBIZ's recognition of the value of our services, Bitcoin payment transactions for the entire adult industry, sure helps to develop a market that offers multiple new revenue streams for adult businesses of all kinds," Coinsnap CEO Stephan Wetzmueller said.

"Following early adopters like Porn.com, Playboy, Hustler, xHamster etc., more and more online merchants have started offering Bitcoins as a cheap, safe and easy-to-use payment method to sell their goods to customers from any country in the world — with no restrictions at all," he added. 

"Our complete service model that offers an API and numerous payment gateways for online as well as for mobile applications and fast, hassle free pay-outs of the sales price in euro or dollar truly helps our clients to tap into the fast growing Bitcoin market at the lowest fees, with no cash-back risks at all," continued Wetzmueller. "Bitcoin payments are especially convenient for adult digital products and services, such as file downloads, audio and video content, social networking sites, dating sites, online gaming, applications and other online access-based sites."

"Many adult businesses still would not yet know about the many advantages of Bitcoin payments for their offerings," he elaborated. "The XBIZ nomination of Coinsnap for the 'Alternative Payment Services Company of the Year’ award will certainly help to raise interest in this fast-growing, new revenue stream and support the ongoing adoption of Bitcoins by the adult industry."