LOS ANGELES — L.O.C Digimedia Ltd., owners of multiple adult platforms, have teamed up with fintech developers to create a new solution that alleviates the need for big banks and centralized payment processors—Inferno Pay.
On September 8, the company will release Inferno Pay, a decentralized cryptocurrency payment gateway and token. Inferno Pay will eliminate chargebacks and fraud, a significant problem in the adult industry, the company said.
Inferno Pay will launch its first decentralized fan platform All4Fans.com on Sept. 15, 2021—a website that only accepts cryptocurrency. With big banks out of the way, creators on All4Fans will pay zero fees, keeping 100 percent of profits.
Inferno Pay has also developed a program on All4Fans.com that allows content creators to mint their content with a few clicks to an NFT, protecting intellectual property from theft and abuse. The Inferno Pay open-source API will be available on any platform that wishes to use the technology for free.
The CEO for Inferno Pay said that although the transition from fiat to cryptocurrency will take some getting used to, he feels that mass adoption of the API is inevitable.
Inferno Pay is already working with brand ambassadors, including Sophie Dee and Reena Sky. The company has also announced the first live cam website to take cryptocurrency only as payment. One of the significant issues Inferno Pay was facing was recurring payments. They have since solved the problem by giving customers the ability to load their accounts with funds to be withdrawn automatically on each billing cycle.
Many subscribers sign up for multiple websites and somehow lose track of recurring payments, according to L.O.C. With the adoption of cryptocurrency on these platforms, customers will be able to monitor spending habits better.
For additional info and updates, find Inferno Pay on Telegram and Twitter.
