SpankPay, a crypto payment tool for the adult entertainment ecosystem SpankChain, has announced it is shutting down. The payments processor and wallet alleged that it was a targeted shutdown by Wyre because of SpankPay’s line of business. Failure to Secure Other Service Providers SpankPay stated in a Twitter announcement that Wyre’s new payment processor does not support the adult entertainment business. In addition, the platform also mentioned that other service providers rejected SpankPay for the same reason. The platform noted, “Operating SpankPay in a hostile banking environment has always been challenging, but the escalating attacks have become untenable for our
Go to Source
Author: coinmaker