SpankPay crypto payment service shutters, citing 'hostile banking environment

SpankChain was forced to close its crypto payment processor after the hunt for a new adult-industry-friendly service provider yielded no results.

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SpankPay Adult Industry Crypto Payment Service Shuts Down

The adult-themed SpankPay payment service announced Monday that it would shut down after its upstream payment processor, Wyre Payments, terminated its agreement with the company. Wyre cited “violations of any third-party payment processor or network rules,” in February. After a long and difficult consideration, we have decided to close down SpankPay, our crypto payment processor [...]

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