Playboy Enterprises launches its cryptocurrency wallet

One of the first corporate platforms to allow digital currency payments later this year is set to be Playboy.TV
14 March 2018   611

Adult industry is catching up to the world crypto fever: today Playboy Enterprises Inc. announced its cryptocurrency wallet is under active development. The wallet is to support multiple digital currencies and serve as a payment method for the family of its online media, digital and casual gaming businesses. And the first product to implement the feature is going to be Playboy.TV: along with the wallet there will be Vice Industry Token (VIT) as well as other leading cryptocurrencies that will be accepted within the wallet.

With the introduction of VIT, viewers will be able to pay and earn tokens view, comment and vote for the original content of Playboy.TV service. Before the year's end the wallet is set to be released with corporate plans to implement the product into forthcoming AR and VR gaming initiatives.

As the popularity of alternative payment methods continues to grow around the world, along with the reach of Playboy's digital platforms, we felt it was important to give our 100 million monthly consumers increased payment flexibility. This innovation gives the millions of people who enjoy our content, as well as those in the future who participate in our casual gaming, AR and VR platforms, more choices with regard to payment and in the case of VIT, an opportunity to be rewarded for engaging with Playboy offerings.

 

Reena Patel

CCO & Head of Operations, Playboy Enterprises, Inc.

Vice Industry Token is a curious service, as users are incentivized to just binge watch the content for which they are rewarded with tokens. This decentralized blockchain platform was launched earlier this year and is in the process of a crowdsale that ends on March, 20.

Crypto Exchange White Label Service launched by OKEx

OKEx, one of the biggest exchanges in the world, has declared the run of a crypto exchange creation programme ‘Digital Asset Exchange Open Partnership Program’
20 June 2018   73

The announcement claims that the programme is intended to “nurture a new generation of digital asset exchanges”. To establish a new crypto exchange, interested parties have to provide OKEx with a domain name, logo, and specialties of the management team. They are assured to possess “solid industry experience, quest for service excellence, and strong industry influence.”

Applicants should also deposit 500,000 OKB tokens into their accounts. This equals around $2.5 million at the present rate, according to coincodex.com. OKB is a utility token that were first sold in March of this year in packages of up to 100, each costing $100. They can be applied to settle transaction fees on the exchange and traded for Bitcoin, Ethereum and Tether.

The applicants will get access to OKEx’s fitting system (which links up buy and sell orders), cold and hot wallets (offline and online cryptocurrency storage), clearing system (which handles money transfer), client support system, and know-your-customer and anti-laundering systems. They will also get support from the OKEx technical team.

100 places are suggested by the programme in its first phase. It is anticipated to start in July. The announcement also points out the setup that the new exchanges must have. They will develop their own native tokens, and distribute them as follows:

  • 25 percent to themselves;
  • 24 percent to OKB holders;
  • and 51 percent to be mined.

OKEx explains the mechanisms by which the tokens will be mined/released. The term white label was firstly invented in the music industry - a white label vinyl record was a release so new that it had not yet been labelled, a much sought-after thing. Presently it cites to a service or product manufactured by one company and sold to another for re-sale under a different brand name.