Adult Entertainment Supported by Crypto Shoppers During Quarantine

Adult Entertainment Supported by Crypto Shoppers During Quarantine

While many crypto holders around the world are practicing self-quarantine and other measures to limit social contact, some are turning to the adult industry for comfort. Speaking to Cointelegraph, cryptocurrency payment processor CoinGate reported an increase in purchases from adult stores in March over activity in February. Sites like ManyVids and LiveJasmin had 17% and 8% increases in cart sizes, respectively. Other adult stores reported a 36% increase in turnover. Most of these merchants are based in Europe, where measures are in place to limit people from leaving their homes and many retail businesses are closed. However, crypto shoppers are making their purchases around the world. Those who used LiveJasmin in March came from the United States, India, Philippines, Germany, France, Netherlands, United Kingdom, and Italy, all of which have been hit particularly hard by the coronavirus.

What people are investing in during the crisis

In March, the number of daily transactions of Bitcoin (BTC) fell by roughly 100,000, rivaling the activity during the "crypto winter," when the price of the cryptocurrency dropped to around $3,000 in December 2018. Read More...