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by tdrgabi 1182 days ago
"Crypto payment processor SpankPay announced on Monday that it would shut down because of financial discrimination"

They were using crypto. Didn't help.

1 comments

I think the problem was in the gateway to USD. If they only accepted crypto, and paid it out to the sex workers, then it would work. But in the real world your average John has a credit card, not crypto, and your average sex workers can't pay their rent or buy groceries using crypto. The problem was, and always is, the gateways to fiat. And I don't see a solution to that.
There's is no user-friendly solution, but I don't see why it would not be possible to send money to/from a -say- Kraken wallet to a wallet used to buy/sell sexual services from an app. It's just a bit of hassle to transfer.

Not including the on-ramp from fiat to crypto inside the app would solve the issue, I would think.

So then how do the sex workers use their wages?
The comment you’re replying to has the same concern.
You're right, I jumped to a conclusion although I still don't think the comment is very constructive
Your comments here are way less constructive, fwiw. Those in glass houses ...
Shell corporations?