Playboy Will Soon Accept Cryptocurrencies as Payment

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Playboy Enterprises, the company that handles everything related to 'Playboy' has announced that it will launch a crypto payment wallet soon.

The wallet will allow customers to pay for the company's digital content using cryptocurrencies such equally Bitcoin, Ethereum, and alt-coins such Vice Industry Token — a token designed specially to reimagine payments in the adult entertainment manufacture.

Playboy expects to launch the wallet by the end of 2018, and while the company has never been shy of experimenting (information technology has both VR and AR content on its platform), this cryptocurrency news is certainly one that could have an impact on the company's business; later all, the company now makes more than money from branding and licensing deals, and digital content, than it does from its print magazine that was offset printed in 1953.

Talking about the Vice Industry Token, it was created past Canadian entrepreneur and CEO of an adult cable dissemination company, Stuart Duncan. The token is meant to incentivize users to consume more than adult content from websites that comprise VIT blockchain into their systems and get reward points for doing so. Users will then exist able to use these rewards to purchase developed content from a vast network of adult entertainment websites, letting companies like Playboy brand coin in a market that is saturated with free, and sometimes illegally uploaded copyrighted content.

Customers earning VIT from adult websites won't be able to utilize information technology exterior the network of websites that have VIT, and it will not be listed on the cryptocurrency commutation, so customers tin can't substitution it for real coin. Vice Industry Token will function, more or less, similar a loyalty card of sorts.

If everything goes according to plan, Playboy will be able to drive college user date, resulting in more advert revenue for the website, along with the fact that anything even remotely related to cryptocurrencies these days gets a whole lot of attention, then Playboy is definitely playing a good game here.