Legacy Payment Processors Charge Adult Sites a Fortune; MyPeach.AI Found a Crypto Solution

That’s why Crass Kitty, the anonymous creator behind MyPeach.AI – a site that uses AI for sexting, has decided to venture into cryptocurrencies.

Users of MyPeach.AI may not comprehend that when they engage in behaviors like flirting with a synthetic duplicate of an OnlyFans model or purchasing customized, attractive images generated by AI, many of them might be using their credit cards for the transaction.

Unbeknownst to them, what they are essentially purchasing are stablecoins. These digital assets serve as a means for MyPeach.ai to manage its expenses such as paying staff salaries, producing AI-generated content, and training its AI models using the images, voices, and personalities of real-life OnlyFans models who have consented to it.

Kitty points out that payment processors impose a fee of 3-5% on cryptocurrency transactions made with credit cards. However, for adult entertainment purchases, the fee can soar to 10-15%, which Kitty describes as an excessive or unreasonable amount.

“There’s a real incentive to build on crypto,” she said.

As a crypto investor, I want to clarify that MyPeach.AI’s clientele may be engaging in adult content transactions. In some cases, they might opt to use credit cards for these purchases. It’s essential to understand that, under the hood, what truly occurs is this: They are essentially purchasing a stablecoin and transferring it to MyPeach.AI. This workaround is employed due to high charges levied by traditional payment processors when dealing with adult entertainment services.

Due to frequent chargebacks, porn websites face increased transaction fees from credit card processors. This financial strain affects the site owners significantly since they earn less profit from their customers.

In Kitty’s experience with her past crypto venture, which involved an adult-oriented marketplace for purchasing and trading NFTs of adult entertainers, beginners often find the process of establishing wallets, procuring tokens, and then transferring them to addresses excessively complicated and frustrating due to high levels of complexity. It’s simply too much of a hassle.

Kitty is currently building her website at the mtnDAO hacker residence in Salt Lake City. Previously, during another mtnDAO event, she chose to shift her focus towards AI technology. She believes that individuals are attracted to unique experiences that advanced language models can be programmed to deliver. Similarly, as demonstrated by OnlyFans, they’re also ready to pay a higher price for customized adult content tailored to their preferences.

MyPeach.AI blends elements of cryptocurrency into its platform. It encourages users to interact flirtatiously with AI characters, which can be tailored to their specific sexual preferences or designed to resemble real-life models, by rewarding them with PEACH tokens. In turn, these tokens can be used to acquire AI-generated images. If a user’s token balance is insufficient, they can replenish it using a credit card; this is where the stablecoin solution comes into play.

As per Kitty’s statement, some financial institutions are open to collaborating with cryptocurrency firms and adult entertainment enterprises separately. However, it appears that none of these banks are prepared to partner with companies that combine cryptocurrencies and adult entertainment.

Having the majority of our assets stored on the blockchain gives us peace of mind because even if our banks close, we won’t risk losing all our savings,” she explained.

Since August 2022, Kitty has been attending mtnDAO events. The energetic and noisy hacker house offers a fresh dynamic compared to her usual routine of working from home in her Seattle apartment. In Salt Lake City, she finds it particularly advantageous to receive real-time feedback from the audience at mtnDAO, especially since it’s predominantly made up of men.