FAPcoin endeavours to implement the Ethereum platform in building a blockchain based Adult marketplace for both physical and digital products and services ranging from Online Video, Webcam Models, Adult merchandise, Subscription related products and services to mention just a few.
Traditional payment processors like PayPal have historically discriminated against the porn and adult entertainment industry. Cryptocurrency works just like cash where transactions occur peer-to-peer bypassing regulated financial institutions.
Credit card companies penalize businesses with chargebacks when customers dispute a transaction which occurs often in the porn industry. Cryptocurrency transactions are irreversible putting businesses in control of when refunds should be issued.
Cryptocurrency wallets are anonymous, and our partners will not require any log-ins or registrations, thereby providing absolute anonymity.
PRIVACY AND DISCRETION
Banks and other financial institutions are required to keep personal records of all customers. A cryptocurrency system only records anonymous deposit and withdrawal addresses for each transaction without requiring any personal information.
Stolen credit cards and fraud are very common issues that plague online payment processing. Cryptocurrency is a “cash in hand” monetary instrument where rightful owners in possession of the currency are the only ones who can spend it.
LOW PROCESSING FEES
Adult payment processors like CCBill and Epoch charge up to a whopping 15% fee on every transaction. Cryptocurrency transaction fees range between 0% to 0.5% per transaction putting more money into the pockets of businesses.