NEW YORK — Foshan, the pioneering technology company that operates such brands as Wankz.com and WankzVR.com, said today that its adult-centric cryptocurrency, WankCoin, is now accepted by more than 100 websites.
"When it comes to enjoying adult content, keeping your identity private and information secure is a continued consumer concern, which is where WankCoin originated," said Bradley Phillips, WankCoin’s managing director.
"Because a customer's data will never be shared with a merchant, users do not have to worry about a potential data breach, blackmail, or secret fetishes being revealed.
Phillips said that Foshan has spearheaded numerous projects that have advanced online dating, webcam streaming, virtual reality and now cryptocurrencies.
“Innovation is in Foshan's DNA, and early on we recognized the benefits utilizing cutting-edge technology like blockchain would provide the adult industry," he said. "We were the first business to apply it to make purchasing adult content anonymous and untraceable."
WankCoin, a virtual currency that runs on Ethereum blockchain, enables secure and reliable transfers of tokens between two parties.
Phillips said that with WankCoin, users never have to worry about data breaches, explicit names and terms appearing on statements, charges for products not purchased, billing after cancellations and blind one-click agreements.