'Titcoin' Aiming to Be Adult's Own Cryptocurrency

CYBERSPACE — Move over bitcoin, "titcoin" wants to be adult’s very own cryptocurrency.

Although a number of industry companies have already adopted bitcoin as a means to pay for online porn, titcoin claims to be the first digital currency aimed squarely at the porn industry.

The brainchild of finance types Edward Mansfield, Richard Allen, and a third anonymous founder, the payment method recently created a buzz on a bogus YouTube introduction video.

But in a Vice interview, the creators said titcoin is for real, works like the myriad other methods, and is ideal for secret porn purchases.

A host of cryptocurrencies have come and gone since bitcoin’s boom in popularity, but none have been aimed at a specific industry like titcoin — especially for adult products.

“In the future, you might have a bitcoin account with your spouse. You may not want them to see you purchasing products or subscriptions on adult sites, so having an industry-specific coin has certain advantages for consumers,” Mansfield told Vice.

A total of 69 million titcoins will reportedly be in circulation once they’re all mined.

Mansfield said that a number of adult performers have contacted him about using titcoin and one very popular male star is interested in becoming a partner whose name could skyrocket the currency.

Right now the operators said it’s been contacted primarily by smaller and “fringe” porn companies but they’ve been talking to a few of the big players including Brazzers. “In fact, we were talking to them before they started accepting Bitcoins. We kind of feel like we nudged them in that direction. But some of the other ones we are talking to are very suspicious of digital currency as a whole. It’s not surprising. These types of industries are very technologically advanced when it comes to media content and video streaming. But I feel that when it comes to the financial aspect of subscription-based services, they tend to be a little bit gun-shy,” Mansfield said.

Related:  

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Niki Media Acquires BritSexCash

Production studio Niki Media BV has acquired affiliate program BritSexCash.

FSC Warns of Nude Photography Site Falsely Claiming Affiliation With Organization

Free Speech Coalition (FSC) published a statement Friday warning of a nude art photography website fraudulently claiming to be associated with the industry trade organization.

MojoHost Reaffirms Commitment to Adult Industry Amid Project 2025 Implications

In the wake of Tuesday's election and amid concerns about the possible ramifications for the adult industry, MojoHost President Brad Mitchell has releases a statement addressing Project 2025 and the future of the industy.

Adult Web Hosting Service 'Midnight-Host' Launches

Midnight-Host, a new web hosting service designed specifically for adult websites, has launched.

ASN Lifestyle Magazine Joins Pineapple Support as Media Sponsor

ASN Lifestyle Magazine has joined the ranks of over 60 adult businesses and organizations committing funds and resources to Pineapple Support, partnering with the organization as a media sponsor.

Adult Industry Reacts to Trump Victory

On Tuesday, former President Donald Trump was reelected, defeating Vice President Kamala Harris to reclaim the office he lost four years ago.

Fetisfy Online Fetish Marketplace Launches

Fetisfy.com, an online marketplace for users to sell fetish items, has launched.

Pineapple Support Launches 'Spill the Tea, Colombia' Community Support Event Series

Pineapple Support has launched "Spill the Tea, Colombia," a monthly, in-person community support event for adult industry professionals.

Streamster Launches 'Tip2Peep' Camera-Switching Feature

Live-streaming software provider Streamster has launched Tip2Peep, a new feature that allows viewers to switch between multiple webcam viewing angles by tipping the creator.

Tyler Wu Guests on Chaturbate's 'Sex Tales' Podcast

Tyler Wu is the latest guest on Chaturbate’s “Sex Tales” podcast, hosted by Melissa Stratton and Vanniall on the company’s “Camming Life” YouTube channel.

Show More