Playboy filed a lawsuit for Global Blockchain Technologies because of the token VIT
Playboy Enterprises, the parent company of Playboy Magazine, has filed a lawsuit against the company Global cryptocurrency Blockchain Technologies for allegations of fraud and breach of contract.
The company has announced a partnership with the GBT in early March, noting that it is developing an online wallet that supports cryptocurrency in their business.
The idea was to create a new cryptocurrency called Vice Industry Token (VIT) with a new purse on Playboy. With this, customers will be able to earn and pay tokens to view the content and also comment and rate the content.
Watch erotica for tokens until you get it
Playboy filed a lawsuit in the Supreme court of the County of Los Angeles, where he said that it has entered into an agreement with the British company to implement blockchain technology in the online channels of Playboy magazine. The report stated that the GBT was to integrate a third-party VIT crypto-tokens to the network of sites owned by the company.
Currently, Playboy on the basis of Beverly Hills is seeking “unspecified compensatory and punitive damages” because he claims that GBT has not helped the deal, which includes a payment of $ 4 million, which the company promised to pay.
Due to privacy issues solved by the cryptanalyst, a number of entertainment brands for adults studying the industry to bypass traditional payment methods such as Bank transfers and credit cards, and their huge processing fees. PornHub and Brazzers are the largest adult sites that currently accept the cryptocurrency . Even pornstar Stormy Daniels — now known as the former mistress of US President Donald trump — also accepts tokens on her personal website.
We will keep You informed of all the latest developments.