Agenda podcast discusses crypto and sex work with WetSpace CEO Allie Rae

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What do the cryptocurrency and porn industries have in common? Ultimately, both are frequent targets of the mainstream financial system, which is notorious for banning the accounts of crypto traders and sex workers.

On this week’s episode of the newly launched podcast The Agenda, Cointelegraph Senior Editor Jonathan DeYoung and Head of Markets Ray Salmond talk to Allie Rae, adult content creator and CEO of alternative-centric WetSpace. on crypto at OnlyFans.

Rae first exploded into the mainstream when she lost her job as an intensive care nurse after co-workers discovered her hobby and challenged the nature of its content. The media caught wind of her story, which went viral. I was kind of transformed into this role of advocating for the sex work industry, she said.

According to Rae, the free flow of money is an unnecessarily complicated process for adult artists, as traditional finance often forces companies to crack down on adult artists:

I started to understand that the banks were really a big part of driving some of these decisions that the platforms had to make. And that naturally led me to: how do you get rid of the banks? And the crypto came out like a knight in shining armor.

Rae also explained how even some centralized crypto exchanges are forced by banks to shut down accounts of adult artists, recalling the time she met Coinbase CEO Brian Armstrong at VeeCon:

I asked him point blank, Youre crypto why do you prohibit adult content transactions with Coinbase? And he told me, it’s not us. He’s like, it’s JPMorgan Chase. It’s the banks.

Speaking about the experience of her own blacklisting from her former job as a nurse, Rae explained that WetSpace aims to provide not only a safe and fair environment for performers, but also an anonymous and private experience for fans.

Related: Boston nurse fired for nudes on OnlyFans launches crypto porn app

Rae said:

You can literally connect your wallet to your Trust Wallet, your MetaMask, Coinbase Wallet and nobody knows who you are. And no one will see anything on your credit card statements except maybe you transferred money to Coinbase or whatever. […] You could be the President of the United States on the platform, and no one would know.

To learn more about how Rae is using blockchain and cryptocurrency to revolutionize the adult entertainment industry, tune in to the full episode of The Agenda on the new Cointeleraphs podcast page or on Spotify, Apple Podcasts, Google Podcasts or TuneIn.

The Agenda is a new podcast from Cointelegraph that explores the promise of crypto, blockchain and Web3, and how everyday people are advancing and improving their lives through technology.

The views, thoughts and opinions expressed in this podcast are the sole contributors and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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