SkyPrivate, First Live Adult Entertainment Company to Adopt Layer 2 Technology— zkSync— for Crypto Payouts

By April 26, 2021 No Comments

SkyPrivate, known as a fintech solution in the adult industry, becomes the 1st company in this niche to offer Models a layer 2 payout solution via zkSync technology.

The high congestion on the Bitcoin network — leading to transaction fee spikes and delayed payouts — is what made them start looking for a layer 2 scaling solution in the first place.

Since less stuff on the chain would automatically translate into fast transactions and lower fees.

But why zkSync?

First of all: UX. Being both a pioneer and an advocate for crypto adoption, SkyPrivate looked for a solution that would determine even more Models to start choosing crypto payouts.

For this to happen, they knew that the new payout option for Layer 2 had to be very easy to use, super intuitive, and error-tolerant.

Luckily, zkSync is perfectly compatible with any Ethereum wallet and delivers a lightweight experience. It’s as end-user-centric as it is developer-friendly.

Secondly, real-time transactions were a decisive factor. SkyPrivate promises 24-hour Bitcoin payouts to its Models and studios, a promise that, at times, it was impossible for them to keep due to network congestion.

But using zkSync as a Layer 2 scaling solution means instant confirmation on transactions, fast finality (within minutes), and withdrawals to Layer 1 in 15 minutes at most.

Security is another factor: storing funds in a zkRollup is as safe as saving them in Layer 1.

Last but not least: it’s the significantly lower transaction fees, which are designed to stay low on the low run.

Lower fees that now get reflected in the minimum balance required for L2 payouts on SkyPrivate: it has dropped to $50.

Now, the fact that it was the first company in the adult space to break the ice and to jump on the trend of using Layer 2 technologies for its crypto payouts before it has even turned into a trend, came as no surprise.

Why? Because SkyPrivate is already known as a disruptor company in the adult niche:

  • One of the very first cam sites to offer payouts in Bitcoin
  • The only company in the adult industry building user-friendly payment tools on top of existing communication channels such as Skype, Discord, Telegram
  • The live cam site with the most impressive collection of crypto payout methods: Bitcoin (Layer 1), Ethereum (Layer 1 and Layer  2), USDT, and USDC L2 payouts

And apparently the list of “premieres” doesn’t end here.