Why is OnlyFans letting payment companies lure it away from porn? ...Middle East

Economy by : (Quartz) -
OnlyFans has brought in billions of dollars distributing pornography. The website, which allowed sex workers to enter the so-called creator economy with its popular direct-to-consumer subscription platform, did $2 billion in sales in 2020 and took a 20% cut of the action, according to Bloomberg, which first reported the news of the pivot away from porn.Now OnlyFans plans to ban all videos featuring  “sexually explicit conduct” starting Oct. 1. While the definition of sexually explicit content is still undefined (the company says some nude photos and videos will be allowed), hardcore porn on the platform seems unlikely to survive the new policy. It’s unclear if the new policy will make illega

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