SpankChain Updates: August 2020

SpankChain

SpankChain announces partnership with SextPanther, SpankMate of the Month, and more

Cryptocurrency payment processor SpankChain has continued its action-packed summer with announcements of platform updates, a new site partner, and a new withdrawal option. In addition to its promo model search, SpankChain has also announced its new “SpankMate of the Month” feature. Every month, there will be a short interview with a performer that uses SpankPay, published on the SpankChain Medium page. There is no information about how models can apply to be SpankMate of the Month, so presumably SpankChain staff select the models themselves.

SextPanther partners with SpankChain

Popular sexting platform SextPanther has announced that it has partnered with SpankChain as a payment option for users. Using SpankPay, users can add funds to their SextPanther accounts using cryptocurrencies including Bitcoin, Ethereum, and Litecoin.

SpankChain adds Wyre withdrawals

SpankPay users can now turn their cryptocurrency holdings directly into cash. Previously, users had to transfer their crypto out of SpankPay to a wallet/exchange that offered a bank withdrawal option in order to convert their crypto into cash. SpankPay now offers this service within the platform by offering Wyre withdrawals. This is not the same as a “wire transfer”, which is a bank-to-bank money moving system. Withdrawals to bank via Wyre are subject to a 0.75% fee (much lower than fees charged by Paxum and other e-wallets).

SpankChain dashboard updates, beta testing group

SpankPay has also rolled out some dashboard updates, including making the rolling balance more visible to users. Transaction history is also now sortable and searchable. If you are interested in being part of the development of future SpankPay updates, please see the SpankChain Medium post for details on joining the SpankPay beta “playground”.

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