![]() ![]() "Credit card companies and financial institutions consider adult entertainment to be a high-risk sector," Woodford explained – not least due to the high rate of transactions that people dispute, claiming they were accidental. Patreon, another website through which fans can support creators, announced a similar ban on explicit content in 2017 under pressure from banks. It would not be the first time financial companies have been blamed for what critics say is an unjustified crackdown on sexual expression, and represents the removal of many of the sex workers who turned the site into a success in the first place. The UK-based website, which takes a 20 percent cut from performers' revenues, cited pressure from bankers and investors for the decision. "This is a bold move from OnlyFans, considering the revenue generated by adult content performers," said Scarlett Woodford, an analyst at Juniper Research who published a study this week on the future of digital adult entertainment. So has the company doomed itself to failure by banning the very thing it is known for? Since launching in 2016, OnlyFans has paid more than $4.5 billion to content creators, who include celebrities like rapper Cardi B and well-known porn stars, but also students and grandparents supplementing their income. "Tumblr and OnlyFans hanging out after they both banned porn," read one widely-shared tweet, depicting two side-by-side gravestones. Twitter users shared memes predicting a similar demise for OnlyFans, a website with 150 million users – most of whom subscribe to raunchy content, sold directly by the people who make it. Also read: Looking for a smartphone? Check Mobile Finder here.
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