CEO reveals that sexual content regulation of SNS 'OnlyFans' is 'caused by banks'

SNS 'OnlyFans', which was a help for sex workers because content restrictions are loose and pornographic content can be sold directly, was

founded on October 1, 2021 when it was decided to regulate sexual content And CEO Tim Stokely revealed that it was 'because some banks stopped sending money to creators.'

OnlyFans CEO Says Site Would'Absolutely' Allow Porn Again --Variety

OnlyFans CEO on why it banned adult content:'the short answer is banks' --The Verge

'OnlyFans' is a service that allows creators to distribute photos and videos and receive compensation in a subscription model. Due to the influence of the pandemic, the number of users increased significantly, and as of August 2020, it had more than 50 million users. It is also characteristic that many sex workers participate because there are few restrictions on content.

What is 'OnlyFans', an SNS where a lot of sexual content is posted? --GIGAZINE

However, on August 20, 2021, OnlyFans announced a 'ban on sexually explicit content.' Similarly, the pornographic video distribution service 'Pornhub', which was one of the revenue sources of sex workers, was released at that time in 2020 after receiving a payment suspension measure by Visa and Mastercard, prohibiting unauthorized users from uploading videos. There was an 'incident' that erased 80% of the content, and it was speculated that OnlyFans might have been similarly pressured by card companies and banks.

Is it the return of the 'Pornhub case' where the SNS 'OnlyFans', which was even called 'the direct sales office of pornography', has decided to regulate sexual content? --GIGAZINE

According to CEO Stokeley, creators' assets and subscriptions have been blocked by some of the banks that OnlyFans uses to pay creators $ 300 million a month. It was decided to regulate sexual content in order to protect the sexual content. CEO Stokeley has stated that Mastercard is irrelevant to this decision as it complies with Mastercard's terms.

CEO Stokeley said OnlyFans has been investigating, identifying and freezing accounts that were sending child pornography, and has been unfairly targeted by media reports for the 'illegal content issue.' increase.

In addition, as OnlyFans, sexual content is 'absolutely welcome', and if the bank agrees to resume wire transfer, sexual content regulation is expected to be abolished. JPMorgan Chase, Bank of New York Mellon, Metrobank and others named by CEO Stokeley have not commented on this matter.

in Web Service, Posted by logc_nt