LOS ANGELES — In a recent report published by Forbes, the financial services trade magazine reviewed WankCoin cryptocurrency and deemed it the inevitable adult industry token for consumers and merchants.
“The best thing about WankCoin, besides the ability to purchase porn with total anonymity, is that it already works,” author Curtis Silver wrote for Forbes. “Unlike so many token sales before it, WankCoin is active and has established partnerships.”
Silver called WankCoin a real-world application that exists and is working.
“So, credit to the blockchain-bros on getting this done and putting a working coin out into the world, not soaking investors with some dream of a magical token for some service that we didn’t know we needed,” Silver added. “We needed to purchase porn in a secure and private fashion. WankCoin, so aptly named, does exactly that.”
Recently WankCoin converted its entire allotment of coins to version 2.0 ERC20 tokens on the Ethereum platform. The move adds an important layer of reliability to the tokens, and anyone holding the version one coins can easily convert them forward by logging in to their WankCoin account and using the one-click tool in their wallet.
The team also released a white paper, now available on the WankCoin.com website.
According to the company, WankCoin is backed by a management team with more than two decades of experience working within the adult industry, leveraging a keen understanding of all the payment processing, compliance and risk management challenges that face site owners every month. The WankCoin tokens solve many issues for merchants and simultaneously protect consumers from the many forms of predatory billing practices that a small number of unethical site owners have misused in the past.
To read the Forbes report, click here.