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   826

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.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   167

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.