Workers in the adult industry all over the world are using cryptocurrency to escape widespread discrimination in the economic field. Adult film stars’ bank accounts can be closed without warning and they become unable to withdraw funds even if they are legally employed.
Many people in this business, including owners of online shops and other entrepreneurs, are confronted with this problem.
Swiss startup launches token to regulate industry
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bitcci, a Swiss startup, has come up with a solution to tokenize the industry. It has launched a token to provide services to a global audience, Invezz learned from a press release. The adult entertainment industry employs tens of millions, but has been largely isolated from blockchain technology, which would greatly benefit it.
Blockchain tech can counteract myriad controversies
The industry is rife with malpractice, illegality, and controversy. Moreover, it’s characterized by a lack of openness. All of these factors affect its long-term growth. According to bitcci, blockchain technology may be able to solve all of these pressing issues. The company will address all of these challenges with tokenization.
Simple and intuitive integration
The blockchain is simple to integrate into almost any system as long as you have the required know-how. This is because of its transparent and decentralised structure. bitcci has an experienced team with the technical skills needed to make this happen.
Ease of use
Workers can create profiles and market services on bitcci.com’s main portal. They are issued a bitcci debit card with a valid IBAN account number. The cards are issued in collaboration with legitimate fintech partners.
Tax advice and a pension fund
Bitcci also works with authorized partners to provide tax advice and offer its own product, the “bitcci pension fund.” There is also a bitcci academy. The portal is available in tens of languages to avoid the language barrier. The website helps sex workers promote their services digitally and generate foreign consumers.
Future plans
The bitcci group, which is based in Switzerland and Liechtenstein, has the ultimate goal to open blockchain-based nightclubs and create such payment systems. They raised the amount of CHF 1 million over the period of two weeks in July last year.
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Source: https://invezz.com/news/2022/02/21/bitcci-to-revolutionize-adult-industry-through-blockchain-and-nfts/