Adult Crypto Payment Service SpankPay Closed Due To Lack Of Funding Problem
SpankPay announced its closure after its upstream payment processor, Wyre Payments, canceled its arrangement with the firm.
SpankChain price is $0.007051, down 0.00% in the last 24 hours, and the live market cap is $6,071,356. It has circulating supply volume of 1,000,000,000 SPANK coins and a max. supply volume of 1,000,000,000 alongside $102.25 24h trading volume.
SpankChain is a blockchain-based economic and technological infrastructure for the adult entertainment industry. It is an open source, Ethereum-based platform that enables fast, secure, and private payments between participants in the adult industry. The platform also provides a variety of services such as content hosting, streaming, and storage solutions to facilitate the development of new applications on its network. SpankChain's mission is to create a more equitable and efficient ecosystem for all stakeholders in the adult entertainment industry by providing them with access to financial services that are not currently available.
The platform utilizes smart contracts to ensure that all transactions are secure and transparent. This allows users to make payments without having to trust third parties or worry about their funds being stolen or misused. Additionally, SpankChain offers privacy features such as anonymous accounts and encrypted messaging which allow users to remain anonymous while still engaging in commerce on the platform.
SpankChain also provides developers with tools for creating decentralized applications (dApps) on its network. These dApps can be used for anything from creating virtual currency wallets to developing streaming video platforms. By utilizing blockchain technology, these dApps can provide users with greater security and privacy than traditional web-based applications.
Overall, SpankChain is an innovative project that seeks to revolutionize the adult entertainment industry by providing it with access to financial services that are not currently available. By leveraging blockchain technology, it has created a secure and transparent environment where users can engage in commerce without fear of their funds being stolen or misused.
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