The adult industry is one of the biggest industries in the world. It competes with the largest websites and brands. In 2017 its revenue exceeded that of Facebook, Nike and McDonald’s combined. Despite the figures, banks and financial institutions have road-blocked businesses and individuals in the industry making payments expensive and insecure. A whole ecosystem of online shops, tube sites, adult live webcam sites, dating apps and consumers can eliminate large fees and upgrade to a digital currency which unites the industry.
Security is a major issue in the adult industry. Due to its nature many bank accounts and payment providers ban businesses and individuals from having an account with them. The biggest examples are Visa, MasterCard and Paypal who officially cut all ties with all accounts related to the adult industry. Existing accounts are at risk of being blocked at any time if the bank or payment provider chooses to do so. Digital currencies do not belong to an account or a wallet and cannot be blocked so transactions through the Bunny platform guarantee security.
The importance of anonymity for consumers is a given. In most societies and for most people it is preferable not to be associated with the adult industry but through traditional payment methods the payer’s records have to state their purchases. BunnyToken payments never require personal or financial information, and can be done with 100% anonymity.
Payment methods who agree to collaborate with adult industry related websites consider the industry ‘high risk’ under their ethical clause even though the businesses are legal. High risk clients are charged much bigger fees, usually 20–30% of transactions. This automatically forces businesses to increase their prices while still losing a big cut of their money consequently consumers are forced to pay more. With BunnyToken all legal adult industry businesses will be accepted and fees will be low. Hence with BunnyToken businesses will make more while consumers spend less.
Bunny Payment solution
Bunny Payment solution will solve three major problems for businesses and consumers of the industry: eliminate large fees, guarantee security and guarantee anonymity.
- Merchant accounts to any legal business in the adult industry
- Accounts for individual workers in the industry
- Low fees on transactions
- Security of funds with no possibility of withholding money from any account holder
- Complete anonymity on all transactions
The payment solution will issue the BUNNY token. The platform will replace traditional payment methods for the adult industry. Unlike current payment providers, BunnyToken will charge low fees, provide anonymity and guarantee security, powered by the liberal and progressive blockchain technology.
BunnyToken is managed by entrepreneurs and businessmen from the adult industry. Their extensive understanding of the industry is coupled with finance specialists and blockchain experts. Together they have set up a strong foundation for a platform which can change payment systems for every adult industry participant.
BunnyToken will launch a token sale to fund the development of the platform and project. The soft cap has already been reached from a private pre-initial token sale in January of 2018 and various businesses from the industry have already partnered with BunnyToken and will add the payment solution to their websites as soon as the final version of the platform is launched in the first quarter of 2019.