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First Pot, Now Porn. Can Bitcoin Save the Adult Industry?

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Oversexed and underbanked? Chase Bank recently informed hundreds of porn performers that the bank will close their accounts by mid-May. Apparently Chase has a history of discriminating against sex workers and the adult industry.

When banks pulled the same thing on Washington and Colorado’s state-legal marijuana dispensaries, they quickly moved to bitcoin. Banks claimed to be concerned that though the dispensaries were legal to operate by state law, marijuana is still illegal to buy, sell, or own at the federal level. However, the problem with Chase and sex work appears to be reputational… CONTINUE

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