Australia Welcomes a Sexy New Cryptocurrency

By on June 4, 2018

Melbourne, VIC – Cryptocurrency just got a whole lot sexier with the Australian adult industry engaging the future of eCommerce.

Australian blockchain startup Intimate have partnered with Australia’s largest adult retail chain Club X to give customers more options in accessing products and services through cryptocurrency.

The move is the first time an Australian adult-only business has pioneered a new form of cryptocurrency.

“Adults-only businesses such as Club X have always been at the forefront of new and emerging technologies’ noted industry representative, Rachel Payne ‘it just makes sense that cryptocurrency would become a reality for the industry”.

Intimate tokens went on sale internationally on 26 April 2018 in response to the inherent issues experienced by Australian adults-only businesses, including discrimination from banks and payment gateways. Tokens are available for purchase for a limited time, with 6 days remaining of the sale period.

This progressive partnership between Intimate and Club X provides customers with a payment option that is safe, ensures privacy and accountability through a verifiable and immutable payment option.

“Discrimination from banks and payment gateways towards adults-only businesses is rife in this industry, so giving both customers and businesses an alternative is well received” said Ms Payne. “We have to remember that these are legal businesses, and adults want access to adult products. If banks are going to make it difficult for customers to pay via traditional payment options, they will seek out alternatives”.

“Cryptocurrency just makes sense for the adult industry”.

Late last year the Eros Association, Australia’s adult industry body, produced a report detailing industry-wide discrimination faced by adults-only businesses from banks and payment gateways such as paypal. Small Business and Enterprise Ombudsman Kate Carnell also criticised the big four banks regressive banking policies, saying that banks shouldn’t be the moral compass on legal tax-paying businesses.


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