The Backpage Effect: Why the sex industry thrives on Bitcoin

Source: Bitcoin.com
by Sterlin Lujan

"Backpage.com is a website like Craigslist, although it is more scandalous and provocative. The site was well-known for allowing sex workers to post solicitations. In 2015, the site was alleged to be permitting prostitution and propping up a sex trafficking ring involving youths. These charges were never validated, but the fallout caused a shift in the way the peaceful sex industry uses money and does business. Bitcoin is now one of the main forms of currency fueling this enterprise." (04/24/17)

https://news.bitcoin.com/backpage-effect-sex-industry-thrives-bitcoin/