The Sex industry is a big business, and I don’t mean making pornos, I mean sex toys.
For instance, the sex toy industry is a $20 billion USD annual industry, and by 2020 some experts say that this will increase to $30 billion USD. That is only 2 years away.
Despite this big industry, and let’s face it if it is that big, a lot of people indulge in it. Most entrepreneurs in this industry find it difficult to obtain capital in order to open up let’s say their own sex toy shop. There are still significant taboos on sex; walking into a bank and applying for a bank loan based on your business concept does not usually render well.
Well, these poor folks of course have to get somewhat creative in obtaining loans. Well fear not my lonely entrepreneurs, Crytpos are here to save the day!
Seeking loans? Take it out in Ethereum? Want to open up a sex toy shop and you need capital to do so? Raise it using Bitcoin! Ladies and Gentlemen who would like to indulge in some late night revelry without your significant other knowing, pay in coins!
Ever heard of SPANKCHAIN?
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Well, they have managed to see a gap and trying to fill it. They are trying to setup a payment environment solely dedicated to the sex industry. You don’t need to limit yourself to only one crypto, we also have competition, after all what is free market without competition! Enter “Intimate”.
With everything that is going on lately, how likely is it that these ICO’s will not only take off, but remain? Critics of Cryptocurrency use examples of individuals or organized crime using Cryptos for nefarious purposes. Due to the nature of the industry this would be a very easy target in my opinion.
I would love to hear your thoughts on this. How successful will these ventures be? Will they enjoy longevity, or be shut down by regulators?
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