Just yesterday we wrote about OnlyFans deciding to end its sexually explicit content in light of the financial institutions, the banks, using their considerable monopolistic power advantage to threaten OnlyFans with depersonalization if they didn’t.
After they made the announcement, the CEO made it clear this was not an inhouse decision, it was a banking decision. The backlash against OnlyFans itself however, did not relent. Even the progressives took up the mantle under the guise of honoring and respecting “sex workers.”
OnlyFans saw the writing on the wall, that with or without the banks if your users were not having it, you’d for sure be done if you continued down this banking-preferred path. Just a few days after making the announcement, OnlyFans is now reversing its decision and letting the sex content stay, and even letting more to be created on its platform.
It is not clear how OnlyFans will get around the tyrannical will of the banking powers, but at this point they are left but with little choice to try, as they will surely die if they continue with the ban, so what do they have to lose anymore to try to find an alternative financial house to allow them to complete transactions on their platform?
OnlyFans suspends its ban on pornography on site after backlash from sex workers, users
From www.washingtonpost.com
2021-08-25 16:48:06
Timothy Bella
Excerpt:
Sophia Bernardi, a spokesperson for OnlyFans, told The Washington Post that the move came after the company’s banking partners assured OnlyFans that it “can support all genres of creators.” Tim Stokely, founder and CEO of OnlyFans, told the Financial Times this week that Bank of New York Mellon, Metro Bank and JPMorgan Chase were the banking partners that caused the initial decision.
