NEW YORK — Joy-Toilet has announced its acquisition of cryptocurrency Titcoin.
According to the company, Titcoin is a digital currency based on blockchain technology specifically developed for adult services.
The purpose of this acquisition is to bring the development of a micro-exchange and digital storefront fully in-house.
“Coordinating various competing alternative payment processors was easier on paper,” explains lead developer Christon “Doop” Le’John.
Edward Mansfield of Titcoin Partners, the group responsible for early campaigns to get adult industry heavyweights to adopt the digital currency, issued a statement expressing his intentions to remain on board to see the transaction through.
“To ease any concerns, I will still be involved during the whole process to ensure a smooth transition, and to support things once everything has been handed over,” Mansfield explained. “I’ve also offered to remain involved as a consultant for a while to ensure all existing business relationships are maintained and nurtured going forward.”
The news comes one year after an incident in which 1 million Titcoins were stolen from the original developers, forcing an abrupt end in active development.
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