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OnlyFans takes their decision back to cancel porn

3 min reading

OnlyFans has retracted their rash decision to ban sexually explicit content in the face of major rebuke from creators and recent assurances from at least one bank going through bd PR.

OnlyFans has retracted from their impulsive decision to ban sexually explicit content after their decision received a lot of hate from creators and some latest assurances from at least one bank going through bd PR. The platform was basically known widely for linking online sex workers to subscribers, but this has not resulted good with numbers of major banks.

The firm was compelled to change its policy on Aug. 19 to ban “sexually explicit conduct” after huge pressure was imposed by the Bank of New York Mellon, Metro Bank and JP Morgan Chase who rejected to help services to users of the platform. During Aug 25, OnlyFans said that they have taken back their decision and it “will continue to provide a home for all creators.” 

“The proposed October 1, 2021 changes are no longer required due to banking partners assurances that OnlyFans can support all genres of creators.” The official statements states that it is “suspended” the policy which says the policy may need to be restored at another date if the assurances aren’t supported back in time. The move to cancel sexually explicit content completely had made the sex workers feel disappointed and angry whose sole income came from this platform to support themselves and their family during this on-going pandemic. After this decision was made many creators went ahead and deleted their OnlyFans accounts and started doing other works.

During the time this announcement was made, founder and CEO of OnlyFans, Tim Stokely revealed that the firm pays over million creators more than $300 million every month stating that “making sure that these funds get to creators involves using the banking sector.” While speaking to the financial times this week, Stokely named JPMorgan as being “aggressive in closing accounts of sex workers,” or any business that helps them. It seems that OnlyFans was capable of finding a resolution to the issue with at least one bank after the extensive publicity that took place about this matter. During 2019, Pornhub went through a similar situation when PayPal withdrew services from the platform, not allowing it from paying models. During the time, Pornhub chose to do privacy-focused cryptocurrency verge (XVG). Visa and Mastercard followed suit in 2020 in ignoring world’s biggest porn site forcing relation on crypto. 

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