Australia’s largest online adult shop says the number of customers wanting to pay for sex toys using cryptocurrencies is ‘surging’.
According to Toys4sex, it all comes down to cryptocurrencies offering a superior level of privacy and discretion.
“We owe it to our future users to remain ahead of the curve when it comes to paying for products,” said John Stand, Toys4sex CEO.
“Toys4sex envisions its online business to evolve as digital currencies are becoming mainstream, and our view at Toys4sex is to support customer choice and convenience.”
The sex shop has just added Bitcoin and 16 other cryptocurrencies to its payment options.
“The new payment implementation aims to enable households and couples to easily and safely buy vibrators or a penis pump online with any coin,” said the CEO.
Porn websites including Naughty America, Playboy, Hustler, and Porn.com were some of the earliest adopters – incorporating crypto payments as early as 2014.
In April the world’s most popular porn site, PornHub, announced it was including crypto payment options. The website attracted 28.5 billion visits last year.
PornHub now allows users to pay using Verge, TRON, and Horizen.
While cryptocurrencies currently only account for around 1% of website revenue, PornHub – like Toys4sex – is anticipating crypto payments to increase rapidly in the coming years.
“We expect to see widespread adoption of crypto and blockchain on our site in the near future,” a company spokesperson recently told The Next Web.