SpankPay Adult Industry Crypto Payment Service Shuts Down


The adult-themed SpankPay payment service announced Monday that it would shut down after its upstream payment processor, Wyre Payments, terminated its agreement with the company. Wyre cited “violations of any third-party payment processor or network rules,” in February.

SpankPay asserted that its contract was singled out.

“This was a targeted shutdown by Wyre because their new payment processor,, doesn’t work with adult businesses,” the company tweeted. “This came as a shock, seeing as our relationship with Wyre had been supportive and respectful up until this point.”

Spankchain, an adult industry blockchain, launched SpankPay in August 2019 “as a safe haven for our community,” allowing fans to pay for adult content instantly and discreetly using Bitcoin, Ethereum, Litecoin, and…

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