In an innovative move poised to revolutionize the adult entertainment industry, Verotel unveiled Bitsafe at the Money20/20 Fintech conference in Amsterdam. This suite of banking tools promises to offer adult merchants a more secure, discreet, and efficient way to manage their finances online. Key features include:
- A unique IBAN for easier transaction handling.
- Free payments for talent and affiliates, enhancing the financial ecosystem for adult industry professionals.
- A domain registration tool designed with privacy and security in mind.
- A prepaid debit card and cash payouts, providing flexible withdrawal options.
Recognizing the challenges faced by adult merchants from various regulatory and financial institutions, Verotel aims to level the playing field with Bitsafe. This tool is not only about financial transactions but also about respecting and caring for individuals across the spectrum, irrespective of their background.
Starting July 2nd, 2018, Verotel customers will gain access to Bitsafe accounts, which will introduce daily processing settlements—a significant upgrade from the weekly calculations, allowing for quicker access to funds. Additionally, Bitsafe accounts are not limited to Verotel customers but are available to a broader audience, providing a Basic Payment Account with a unique IBAN to facilitate SEPA transactions.
Highlights of the Bitsafe initiative include:
- Instant, free-of-charge transfers between Bitsafe accounts.
- A mobile app for easy onboarding and secure payment authentication using biometric data.
- Privacy-focused domain registration and transfer services, compliant with the latest GDPR regulations.
- Introduction of new payment products for convenient cash withdrawal.
Verotel's commitment to the adult industry is evident in its continuous efforts to offer innovative solutions like Bitsafe, ensuring that adult merchants, talent, and affiliates can conduct their business securely and without prejudice.