Spicy content creators are increasingly feeling the squeeze of the financial system. These content creators, often referred to as spicy or ‘edgy’ content producers, have had their assets frozen, accounts shut down and payment processing capabilities severely limited due to the increasing scrutiny they face from banks, payment processors, and other financial institutions. This is leaving many content creators struggling to keep their businesses afloat and unable to access the funds they need to pay for their products and services. The situation is even worse for those who are not accepted into traditional financial institutions, leaving them with no way of receiving payments or managing their finances.
This issue is a direct result of the heightened risk perception held by banks, payment processors, and other financial institutions. Because of their ‘edgy’ content, these creators are seen as a high risk for fraud or money laundering, meaning that traditional financial services are often not available to them. This places an enormous strain on the livelihoods of creative individuals who rely on these services to make a living from their work.
In response, spicy content creators have begun to explore alternative payment solutions such as cryptocurrency and decentralized financial services. These offer a more secure and reliable way for these individuals to manage their finances. They also provide an opportunity for the creative sector to develop new products and services which could help to revolutionize the economy.
Webtoken currency was developed to provide a fee less online currency, private and untraceable just as cash is in the physical world.
What are webtokens?
Webtokens are a virtual currency that can be used on the web to purchase, tip, tribute, and donate.
Think of webtokens as internet/web cash – It is untraceable, anonymous, non-replaceable.
Benefactors exchange physical currency such as USA dollars for webtokens. These Webtokens are placed in a benefactor’s webtokens wallet. From their wallet they can make purchases, tip, tribute, and donate to anyone (person or business) on the web that accepts webtokens. Like cash when you make purchases, tip, tribute or donate your webtokens are passed from your wallet to the recipient’s wallet.
Like cash, your transaction is anonymous and untraceable and cannot be reversed.
Webtokens are a virtual currency not a cryptocurrency!
Cryptocurrency transactions are maintained in a public ledger in crypto wallets. Think of crypto wallets as being like a Swiss Bank account. Accounts have numbers and passwords but are not associated with real names of people or companies. Anyone having the account number and passcodes can access the account and withdraw the funds. Crypto currencies are not as private and anonymous as we are led to believe. It is true that when you make a transaction using crypto currency the ledger only logs in the two wallet account numbers and the date and time of the transactions. In theory only you and the party of the receiving crypto wallet know who is sending and receiving the crypto currency. In theory as long as you just deal in crypto transactions then your identity is never known. However, if you use an exchange to facilitate the transaction, they are required to know who you are and verify who you are. This is part of the USA anti-terrorism and money laundry laws. At anytime the USA federal government can subpoena the details of the transactions and obtain the identity of both parties. The only thing that remains anonymous and between both parties is what the transaction was for.
Why are webtokens different?
When you acquire webtokens you do so through our webtokens currency exchange. This is no different than you going to a currency exchange place (such as a bank) to exchange your physical money such as USA Dollars into say the European Euro or any other physical currency. There is usually an exchange rate and transaction cost for the conversion.
Same with webtokens – you visit our webtokens currency exchange and make the transaction. Your physical currency is then converted to webtokens that are then placed in your webtokens wallet for you to use. The value of webtoken are currently tied to the USA dollar – 1 webtoken is valued the same a $1 (one USA Dollar) Like any currency exchange there is a transaction fee. This fee is typically 10% but can vary depending on the means you are using to pay for the webtokens.
If you accept webtokens for payment for products or services, tips, tribute, donations there are no fees. Unlike all other forms of digital payments, there are no setup fees, monthly fees, per transaction fees etc. But most importantly no restrictions on content creation.
Spicy content creators then can use the currency exchange to convert their webtokens into the fiat currency they desire. Because the webtokens currency exchange is a currency exchange there is no tax reporting for exchange amounts under $2000.
Why webtokens?
Webtokens was created to provide a micro payment system for use on the web free of transaction fees and rules and regulations of the current means of online payment aka Credit cards.
If you were not aware, the credit card companies charge big fees for accepting payments online and restrict what you can spend your hard-earned money on. You like adult entertainment? The big credit card companies put rules and restrictions in place stifling the freedom and creativity of adult entertainers and social media personalities. In addition, the credit card companies know exactly what you purchased using that credit/payment card. When you use your credit card to may a purchase the detail of the purchase is recorded by the credit card companies. They know if you purchased a live stream or pictures, or phonesex or CBD products, cigarettes, alcohol, condoms, junk food, adult video games, combat video games. They know if you frequent Gay / Lesbian establishments, engage in risky behavior. They know what medications you are taking. If you have purchased pregnant test or plan B. They have access to all this data and are using it to force their moral agenda on you.
Why accept webtokens as payment?
By accepting webtokens for payment for products or services, tips, tribute, and donations, unshackles your creativity. Your website is no longer under the censorship and restrictions of the credit card companies.
Anonymous to the max!
Once a webtokens transaction is completed, meaning that the sender’s wallet has been debited and the receiver’s wallet has been credited then the details of the transaction are erased. Just as with a cash transaction when the cash between to parties has transpired the transaction is completed and all history of the transaction is in the memories of the two parties.
The Webtokens Currency is the future of online payments from benefactors to spciy content creators.