Categories: News

Backpage Turns to Bitcoin

Recently, MasterCard, the last credit card to allow payments to Backpage, announced that MasterCard users will no longer be able to purchase Backpage ads through the credit card. As of now, Bitcoin is the only payment method accepted by Bitcoin.

Backpage is a classified advertisement, similar to sites like Craig’s List. The site offers listings in a variety of industries, including automotive, jobs, and real estates. In the United States, Backpage is the second largest classified listings website, behind Craig’s List. Backpage also offers listings for “adult” services, which is the source of controversy between the sites and payment processors.

Although the site officially prohibits the listing of illegal services, such as prostitution, however that hasn’t stopped its users from soliciting sex to anonymous buyers. Backpage monitors its adult section for advertisements offering illegal services, and informs law enforcement of any listings attempting to solicit underaged sex. Regardless, Backpage is still responsible for 70% of all prostitution advertisement that occurs between 5 websites that offer adult listings within the US.

Related Post

Backpage has been under controversy for allegedly fueling the sex trafficking industry within the US. The decision for MasterCard to discontinue support to Backpage came after heat from Illinois law enforcement.

Discontinued support from MasterCard and Visa was intended to cripple the site, and force it to remove the adult section completely. However, the actions taken by the payment processors did not have the intended effect. Rather than shutting down, Backpage users simply began paying through Bitcoin.

A majority of Backpage users did not use Bitcoin prior to this decision by MasterCard, but that did not stop users from adapting. For many independent sex workers, leaving Backpage means taking their work to the streets, a much more dangerous alternative. Although many users had no prior knowledge of Bitcoin, the ease of the cryptocurrency and support of the community has made the transition relatively painless, and many are learning the advantages the digital currency holds over credit cards already.

Zane Huffman

Zane is a crypto enthusiast who has been involved since August 2013. He is a trader and writer of all things cryptocurrency. He is very excited for the role cryptocurrency will play in the future, especially in regards to the videogaming industry.

Share
Published by
Zane Huffman
Tags: bitcoin

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

6 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

7 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

8 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

8 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

11 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

12 hours ago