The Agenda podcast chats crypto and sex work with WetSpace CEO Allie Rae

What do the cryptocurrency and porn industries have in frequent? As it seems, each are frequent targets of the normal monetary system, which has been identified to ban the accounts of each crypto merchants and sex staff.

On this week’s episode of the newly launched podcast The Agenda, Cointelegraph senior copy editor Jonathan DeYoung and head of markets Ray Salmond communicate to Allie Rae, an grownup content material creator and CEO of WetSpace — a crypto-focused different to OnlyFans.

Rae first exploded into the mainstream when she misplaced her job as an ICU nurse after her colleagues found her passion and took difficulty with the character of her content material. The media obtained wind of her story, which went viral. “I type of was morphed into this function of advocacy for the sex work business,” she stated.

According to Rae, the unrestricted motion of cash is an unnecessarily difficult course of for grownup entertainers, as conventional finance typically forces firms to crack down on grownup performers:

“I began to determine that the banks actually had been largely partially the driving power behind a few of these selections that platforms had been having to make. And in order that naturally led to me: How do you do away with the banks? And crypto got here out like a knight in shining armor.”

Rae additionally shared how even some centralized crypto exchanges are being compelled by banks to close down the accounts of grownup performers, recalling the time she met Coinbase CEO Brian Armstrong at VeeCon:

“I requested him level clean, ‘You’re crypto — why are you banning grownup content material transactions with Coinbase?’ And he stated to me, ‘It’s not us.’ He‘s like, ‘It’s JPMorgan Chase. It‘s the banks.’”

Speaking from the expertise of her personal blacklisting from her earlier job as a nurse, Rae defined that WetSpace goals to offer not solely a secure, equitable atmosphere for performers but additionally an nameless, personal expertise for followers.

Related: Boston nurse fired for nudes on OnlyFans launches crypto porn app

Rae stated:

“You actually may join your pockets — your Trust Wallet, your MetaMask, Coinbase Wallet — and no one is aware of who you might be. And no one’s going to see something in your bank card statements besides possibly that you simply transferred some cash to Coinbase or what have you ever. […] You may very well be the president of the United States on the platform, and no one would know.”

To be taught extra about how Rae is utilizing blockchain and cryptocurrency to revolutionize the grownup leisure business, tune in to the complete episode of The Agenda on Cointeleraph’s new podcasts web page or on Spotify, Apple Podcasts, Google Podcasts or TuneIn.

The Agenda is a brand new podcast from Cointelegraph that explores the guarantees of crypto, blockchain and Web3, and how common individuals degree up and enhance their lives with know-how.

The views, ideas and opinions expressed on this podcast are the individuals’ alone and don’t essentially mirror or characterize the views and opinions of Cointelegraph.

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