Internet users love adult websites, but mainstream payment processors hate working with them. Adult websites exist in an economic purgatory that makes them harder and costlier to connect to the conventional banking system than most other online businesses. Crass Kitty, the pseudonymous founder of artificial intelligence-powered sexting website MyPeach.AI, is turning to crypto to circumvent these issues.
MyPeach.AI users might not realize that when they're flirting with an AI-generated clone of an OnlyFans girl or paying for an alluring (also AI-generated) personalized image, they're actually buying stablecoins. These stablecoins go to MyPeach.ai to cover the startup's payroll, the high cost of generating AI content, and the real-life OnlyFans models who agreed to let the website train its AI models on their images, voice, and personality.
Payment processors charge a 3-5% fee when customers use a card to buy crypto. For adult entertainment purchases, it's 10-15% – an exorbitant amount, according to Kitty. "There's a real incentive to build on crypto," she said, as the crypto-powered solution allows the startup to avoid these high fees.
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