LOS ANGELES — In the latest example of adult industry interest in cryptocurrencies, Australian adult shop Toys4sex has announced it plans to accept crypto payments for online purchases.
According to the company, the move reflects the nature of millennials buying products online with cryptocurrency and looking for websites that will accept Bitcoin and altcoins with privacy in mind.
“Sexual health and adult toy purchases online have shown rapid growth in 2017, with an extraordinary 15.5 percent increase in 2018,” says a company spokesperson. “Regional residents are adopting online channels for purchasing products [with] New South Wales the ACT and Victoria helping these states secure their places as the top three players for online shopping growth.”
“Based on these statistics,” the spokesperson adds, “the company is building and currently expanding its customer base by reaching out to its active users to implement new features for increasing customer satisfaction.”
Toys4sex CEO John Stand emphasizes the importance of the company’s marketing strategy.
“We believe in the growth in online spending, which is significantly outperforming traditional retail spending in Australia,” Stand says. “This would add significant value to customers who were increasingly looking to adopt digital currencies. The new payment implementation aims to enable households and couples to easily and safely buy vibrators or a penis pump online with any coin.”
Stand notes Toys4sex envisions its online business to evolve as digital currencies become mainstream.
“Our view at Toys4sex is to support customer choice and convenience. We anticipate a surge in the number of customers who would like to buy adult toys online in crypto in the coming years,” Stand explains. “We owe it to you and our future users to remain ahead of the curve when it comes to paying for products automatically. For your privacy and discretion, all orders on our site will be discreetly and confidentially handled.”
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