Charlotte Rose, uses Bitcoin for now but plans to switch to Intimate because it "has already got the backing of businesses and corporations for its use in the sex industry" and because it is more trustworthy.
"If somebody would come to see me for an hour – which is 160 – and they pay me 160 but within the next hour that rate of currency drops and I am using Bitcoin – I am not guaranteed to get that 160 returned. With Intimate, if I charge 160 and the currency drops to 150, Intimate will still get me my 160. That's the element of trust, that's massive."
The co-founder of Intimate, launched in October 2017, Leah Callon-Butler, told Sputnik intimate.io is a pseudonymous system that places the responsibility in the hands of the individual.
"We partner with third party organisations who can complete 'off chain' ID verification. If two users want to meet, they don't need to reveal their ID details, they can simply prove that a trusted third party knows who they are. ID and transactions are handled by two completely different organisations so the data is completely obfuscated but all parties benefit from the knowledge that somebody knows who is interacting in the system and, should a situation be serious enough, there is recourse. The beauty of blockchain is that the control of this information is in the hands of the users – with intimate.io users can select what information they share and don't share."
She explained Intimate act a payment gateway for all segments of the industry from porn and live cams, to retailers of sex toys and intimate apparel, to Japanese Love Hotels, to physical human-to-human interactions such as escorts and dating.