The Future of payments in adult industry
BunnyToken is a project inspired by the adult industry which aims to offer all businesses related to the industry a safe and reliable payment solution, to guarantee safety and minimise rejections based on the nature of the business. Our vision is a future where a large share of the adult market uses one unified token; Bunny, for all their transactions. The different sectors of the industry will create an intricate ecosystem with thousands of interconnected businesses, in which the token will be exchanged, and its value will be consistently on the rise. Our aim is for BunnyToken to become the principal cryptocurrency which will largely replace fiat currencies in the multibillion dollar adult industry over the course of several years. BunnyToken will serve as a solution to a prominent problem, becoming a highly used and valuable token for millions of businesses and individuals.
The adult industry has been prominent since before print was even invented and has noticeably expanded in the last decades due to technological advancements such as mainstream television, pay per view and of course the internet. There are thousands of adult websites, magazines, studios, movies even mainstream reality and award shows. The industry, however, continues to be an ‘underground’ world, which faces not only criticism by the public but also many financial
limitations which affect users on both sides of the business.
At a time when viewers have access to free adult content at the click of a button, making the decision to pay is encouraged by two main things: security and anonymity, both hard to acquire by using conventional payment methods on the world wide web.
In comes BunnyToken. With the creation of Bunny we are building an ecosystem for the vast types of adult businesses and consumers to have access to an advanced, safe and accessible payment system built on the revolutionary blockchain technology which caters to both ends; the business and the consumer.
Adult industry in numbers
It may come as a surprise to many that the adult industry in fact makes a large revenue which can compete with some of the biggest and best performing companies in the world. According to a 2017 TopTenREVIEWS report the industry was valued at a whopping 97 billion dollars annually. The research included more than 10,000 sources such as websites and reports from international media.
The problem for businesses in the industry
All businesses in the industry have two consistent things in common; they are related to the adult industry and they have a problem with their payment providers.
- Banned from payment providers:A large number of payment providers and banks do not accept any accounts related to the adult industry
- High fees: Companies who do accept such accounts tend to add large fees because they consider such industries “high risk”.
- No guarantees: Any changes in a bank’s terms and conditions, or general financial laws could lead to the termination of a bank account.
- No anonymity: All types of conventional payment methods require full personal details and will bill any
payments under the name of the service/ product and the payer.
The solution: BunnyToken
- Full ownership of money: Digital currencies are independent of any third party. Transactions through the blockchain are
freed from conventional and traditional rules, they are not overlooked by a government, and only the owner of the tokens has control over their money. - Low fees: The payment providers who do allow accounts for adult industry related businesses and individuals charge very high fees, because competition is almost non-existent. With BunnyToken those fees are much lower making them equal and even less than they normally are in any other industry. This instantly means businesses make more profits while consumers spend less.
- Security: The infrastructure which underpins the blockchain technology carries a huge advantage for the banking sector of any industry. Through blockchain data of transactions is stored across vast networks of computers that constantly check and verify information with each other. The blockchain system is near-impenetrable even to the brightest cyber-minds.
- Guaranteed anonymity: Due to the Ethereum based blockchain platform, digital currency transactions will allow guaranteed anonymity. Anyone who is uncomfortable with a billing statement related to any form of adult content or products will remain anonymous when making purchases with BunnyToken.
- A united currency: Once more and more companies join BunnyToken, the use of of BUNNY in the industry will eliminate large transaction costs, because all transactions will eventually be made through one united currency.
- Helping individual performers: With BUNNY performers can control their account and receive their payments directly, securely, without large fees and with full anonymity towards the paying end.
