MindGeek May Expand Bitcoin Acceptance
LUXEMBOURG — MindGeek today said that it might expand the acceptance of bitcoin for payment to its network of adult entertainment sites.
Since last December, MindGeek has been accepting bitcoin payments for its MOFOS site, IKnowThatGirl.com. The teen ex-girlfriend site, part of MOFOS' 12-site package, charges a bitcoin equivalent of $39.95 a month or $119.95 a year.
MindGeek officials said that if the experiment is deemed successful, the company will extend the offer to all of its divisions, including Brazzers, Twistys, Babes.com, Digital Playground and Reality Kings.
“We’re proud to pioneer the way for bitcoin’s inclusion into the adult entertainment industry,” MOFOS product director Andy B says. “We’ve always been at the forefront of technology, and our users can continue to count on that.”
MindGeek's MOFOs division joins scores of adult entertainment brands that have decided to accept bitcoin for payments, despite the challenges cryptocurrency presents for companies. Those challenges include the inability to do recurring billing and the inherent problem with fluctuating values.
Naughty America, Wicked Pictures, Porn.com, Grooby.com, DominicFord.com, ClassyCams.com and MetArt.com all take bitcoin. Internet payment service provider Verotel also recently said it would accept bitcoin for transactions.