Live streaming webcam platform Stripchat is amongst several developed websites experiencing a boom in crypto payments over the past yr.

The adult social streaming and amusement platform revealed in a blog that cryptocurrency is rapidly becoming a preferred payment method for many users and performers on the webcam-based website.

Information technology is estimated that the platform has over 300,000 models and averages around 60 million visitors a month according to Stripchat stats for 2020.

Using digital avails for adult entertainment is nothing new as they offering an boosted layer of anonymity. Yet, Stripchat and other webcam sites saw pregnant growth in 2020 due to the Covid-19 pandemic and subsequent lockdowns. It reported a 72% spike in traffic and hosted over 2 billion sessions for the year.

Max Bennet, VP of New Media at Stripchat, stated;

"Both users and models are more actively using crypto as their preferred payment methods. We take seen a 400% increment in the number of cryptocurrency transactions since the first of 2020, and 10% of all active models on Stripchat are using crypto equally their primary payout method."

Following Elon Musk's tweets claiming "Dogecoin is the people's Crypto", the platform has jumped on the Doge bandwagon and is at present accepting payments in the meme-based cryptocurrency. Bennet added:

"If adding DOGE can improve Elon Musk'due south and people's experience on Stripchat, nosotros are here to accept it,"

In addition to Stripchat, there are several cam based live streaming websites that accept Bitcoin and crypto payments including LiveJasmin, CamSoda, and Chaturbate.

Pornhub has also joined the Dogecoin frenzy by announcing that information technology is accepting information technology as a method of payment in addition to iii other new cryptocurrencies; BNB, USDC, and XRP.

The developed amusement website has been increasing its crypto payment options and currently accepts a total of sixteen cryptocurrencies following a occludent by credit carte du jour giants Visa and MasterCard.