Playboy wallet launch – What’s the effect?
The adult industry’s best known Playboy network has announced in a public statement that it will be launching its Crypto Wallet. The playboy crypto wallet will support multiple Cryptocurrencies beginning with Vice Industry Token (VIT).
Vice is an entertainment platform where video content will be available for viewers. And everyone who adds, curates, or views content will get rewards in terms of with vice Industry Token.
Moreover, viewers can earn VIT for watching, commenting, and voting on Playboy’s original content.
Playboy.TV will be the first to accept the payments via the crypto wallet.
Reena Patel, Chief Commercial Officer and Head of Operations for Playboy Enterprises, Inc. said, “As the popularity of alternative payment methods continues to grow around the world, along with the reach Playboy’s digital platforms, we felt it was important to give our 100 million monthly consumers increased payment flexibility. This innovation gives the millions of people who enjoy our content, as well as those in the future who participate in our casual gaming, AR and VR platforms, more choices with regard to payment and in the case of VIT, an opportunity to be rewarded for engaging with Playboy offerings.”
The crypto wallet will be available by the end of this year. However, Playboy Magazine is not yet on schedule to include in the crypto wallet payment system.
Eventually, the company plans to introduce the new payment system into its virtual reality, casual gaming, and augmented reality products and services also.
Even though the abilities of the Cryptocurrencies in terms of privacy are far better than traditional systems like credit cards, the adult industry had not yet adopted crypto-payments well.
Thre some adult sites who accept Cryptocurrencies through services like BitPay. But they are very few.
Playboy’s new wallet will hopefully change the situation. And the adult entertainment fans will have far better options to pay for the lingering services and products in the near future.