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   286

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.

Cryptocurrency to be Regulated in France

French Ministry of the Economy and Finances creates working group to regulate cryptocurrency
22 March 2018   120

Bruno Le Maire, the French Minister of the Economy, announced the government initiative to constitute the instructions and regulations towards cryptocurrency. The group is also aimed to decrease the influence of Bitcoin and altcoins to the formal system of economy with the help of required concept. These measures would help French government to prevent tax avoidance and some other criminal activities (such as money laundering).

In an op-ed that was published in French media this week the Minister of the Economy Bruno Le Maire made a promise not to miss the blockchain revolution. He refined the reasons of the French authorities`decision to regulate the technology. According to his point of view, it is impossible for any consumer or entrepreneur to carry out a transaction, invest, develop in business being in a regulatory vacuum. The Minister also put this position on the top among the rest questions to be discussed at G20 Summit in Buenos Aires. Bruno Le Maire is sure that the role of France is to be a driving force in “building the world of tomorrow”.

The Minister is going to present his case at the G20 Summit in 2018 in Argentina. He hopes that the framework can help in decreasing illegal activity in cryptocurrencies. Le Maire also explained that the sphere of digital funds is extremely attractive for criminals.

The leader of the working group is Deputy Governor of the Central Bank of France Jean-Pierre Landau. The French Central Bank supports the Government and hopes there would be no negative impact and consequences for the traditional economy system.

The key object of cryptocurrency regulation is to limit various negative factors in the financial sphere caused by digital money, such as the price volatility. Le Maire claims that at the same time the regulation of the cryptocurrency can support the development of the technology and can even lead to the economic growth. As blockchain can destroy not only traditional daily practices in banking and financial markets, but also patents and certified acts, the French Minister of Economy urges that the working group should foresee all these changes and become “actors of this revolution”, instead of simple viewers.