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Playboy TV welcomes payments through Bitcoin [BTC] and other cryptocurrencies

Sthuthie Murthy

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Playboy TV welcomes payments through Bitcoin [BTC] and other cryptocurrencies
Source: Flickr


Playboy TV is next on the list amongst the most popular platforms to start accepting payments in cryptocurrencies. To begin with, they will start accepting a token called Vice Industry Token [VIT] which is at the ICO stage with a week’s time left for its commencement.

According to their statement:

“By the end of the year, a dedicated cryptocurrency wallet will be created.”

Play Boy TV

Play Boy TC is an American A rated premium cable and satellite television network owned and managed by Mindgeek. Their primary focus is on adult programming which includes motion pictures, first-run television series, and other specials. In a recent release about this topic, they declared that customers can view, vote or comment on their channel using Vice Industry Tokens [VIT].

Vice Industry Token [VIT]

It represents a profound change in the broadcast and on-demand video entertainment industry and has two functions: Video entertainment platform and a cryptocurrency. It has gained more than $16 million through their ICO till date and its usage allows real user engagement tracking on different adult content websites. This token was created originally to permit users to buy adult content using cryptocurrencies with major benefits.

A lot of companies are headed towards digital wallets and tokens one after the other including the software giant itself, the Microsoft.

The Chief Operations officer, licensing and media for Playboy enterprises, Reena Patel stated:

“As the popularity of alternative payment methods continues to grow around the world, along with the reach Playboy’s digital platforms, we felt it was important to give our 100 million monthly consumers increased payment flexibility.”

The dedicated crypto wallet will be launched sometime later this year. This wallet will support multiple currencies across the organizations, casual and digital gaming business and online media. This will be a breakthrough because Playboy TV will be the 1st ever media platform that will feature a digital wallet to accept payments.

As a long-term vision, the company also looks forward to integrating cryptocurrency in its other initiatives in the future. If the results are good, Playboy hinted that they may use the cryptocurrency wallet within its other services such as gaming, augmented reality and VR.





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

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