SANTA MONICA, Calif.—Skweez Media has begun accepting Bitcoins in addition to traditional credit card payments. Dubbed “the iTunes of porn” by CNBC.com, the service provides Netflix- and Hulu-like capabilities, while offering a new approach to the online video service platform for adult entertainment.
Bitcoin is a peer-to-peer payment system often referred to as “crypto-currency” since it relies on cryptography to control the creation and transfer of money, with much lower transaction fees compared to those of credit card processors.
“Bitcoin is a perfect payment option for our customers,” says Skweez Media Executive Vice President of Content and Marketing Mike Kulich. “Our site does not rely on recurring billing, which seems to be an issue for most paysites. Skweez Media relies specifically on per-day purchases of streaming access, so any fluctuations that may occur with Bitcoin valuations are also a non-issue.”
“Anonymity is a great aspect of Bitcoin,” added Skweez Media President Jamey Kirby. “Credit card payment processing has always been a sticky subject for many adult consumers. Removing adult purchases from credit card statements, as well as mitigating charge disputes, makes paying with Bitcoin the perfect currency for the adult entertainment market, both for consumers as well as producers.”
Skweez Media wrapped up a successful unveiling of its internet television network during the 2014 Adult Entertainment Expo (AEE), with mainstream media outlets CNBC, Yahoo Finance, and Huffington Post all touting the company’s platform as a possible solution for a lagging adult industry economy, plagued by piracy and the bottoming-out of physical DVD sales.
Skweez Media presents licensed titles by content owners in an unlimited-streaming-per-day format, on multiple platforms, at a price point more comparable to current mainstream viewing habits. Skweez Media offers full-length titles and shows, similar to the mainstream online video platforms, but at a fraction of the cost of purchasing physical DVDs.
Studios entering into licensing arrangements with Skweez Media have provided a large content library of titles available on the Skweez Media platform, with many more on the way. Content on Skweez Media will be available via the Web for PC and mobile devices and on all Roku players.
Skweez Media invites studios and performers with content to partner in licensing and rev-share agreements. Those interested in adding this revenue stream to their overall marketing plans are invited to contact [email protected] for more information.
