CYBERSPACE — SpankChain.com, a “blockchain-based infrastructure for the adult industry,” has been launched.
According to a rep, SpankChain removes third-party intermediaries and unfair payment practices with the use of smart contracts and its advanced payment processing hubs.
Entrepreneurs Ameen Soleimani and William Bentley de Vogelaere launched SpankChain.
“SpankChain lowers the standard 50 percent transaction fee to just 5 percent,” a SpankChain spokesperson said. “This allows performers and content distributors to retain more revenue and control over their work."