SpankMonthly — August
Greetings SpankNation!
Our payment solution for the online adult industry has launched with SkyPrivate and JustFor.Fans as the first integration partners! This is the first step towards providing the entire online adult industry with a sexy, 1-click payment solution. Additionally, SPANK.live expands internationally, SpankBank Period 11 has started, and progress on SpankClips continues!
SpankPay launching means users now have a simple, seamless, low-cost way to purchase adult content online and merchants can take advantage of SpankPay’s 0.5% transaction fees to lower costs, increase platform revenue and gain easier access to the global consumer marketplace. So far the launch has been really well received, and has been picked up by a number of publications — including Coindesk, AVN and XBIZ.
The next major milestone for SpankPay will be the addition of user accounts. Users will be able to log in, deposit funds and pay from their balance on any site that integrates SpankPay as their crypto payment solution.
Once that is done, work can begin on integrating SpankPay into SPANK.live so that performers will finally have that sexy payments dashboard they’ve been requesting. :)
Be sure to reach out to your favorite sites and ask that they integrate SpankPay!
Speaking of SPANK.live, the camsite hit some milestones of its own! International models can now signup to cam and viewers can buy BOOTY 🍑 with a credit card. We’re working on improving the mobile experience, and as stated before once user accounts are integrated, the more robust full-featured version of SpankPay will be added.
With this in mind, we’ve been discussing the eventual affiliate and referral system with our community so we can begin to generate more traffic demand and improve long-term company and community alignment. As mentioned previously, to make this transition fees will need to be raised on the camsite to not only make it a sustainable business, but to also be able to share some of the profit back with the community of users and models responsible for growth. These changes will not go into effect until at least mid-October, and we’ll be sure to communicate well in advance.
We’re now in Period 11 of the SpankBank. 673.09 BOOTY 🍑 fees were burned and while this wasn’t enough to generate new BOOTY 🍑, it also marks the first full period where SpankPay fees got counted. Each new merchant that adopts SpankPay will now contribute to the network, and can also take advantage of the SpankBank to reduce their fees even further!
Check-ins for Period 12 are now open!
While everything else happens, work on SpankClips steadily progresses. After some market research, and a number of interviews, we’re happy to say the video provider for the SpankChain clipsite has been confirmed. The launch of SpankPay also means that SpankClips already has a sexy payment processor ready to implement, and we’ll have another way to purchase online adult content with crypto!
As always thanks to our community for your steadfast support. We wouldn’t be here without you.
🍑 In BOOTY We Trust 🍑
Connect with SpankChain
For more information about the SpankChain project:
- Sign up for SPANK.live
- Watch our introduction video
- Follow us on Twitter
- Join us on Discord
- Subscribe to our subreddit
