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HomeBusinessSpankPay crypto payment service shutters, citing 'hostile banking environment By Cointelegraph

SpankPay crypto payment service shutters, citing ‘hostile banking environment By Cointelegraph




Ethereum-based adult entertainment platform SpankChain is shuttering its crypto payment processor, SpankPay, after losing its payment service provider Wyre in February and failing to find a new one.

In February, SpankPay revealed that its previous provider — crypto payment platform Wyre — had terminated its agreement to provide payment services to SpankPay, referring to “violations of any third-party payment processor or network rules.”