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Diddy took a page straight out of Will Smith’s birthday playbook to celebrate the big 4-9 … jumping out of a plane that’s more than 10,000 feet above ground. The Bad Boy honcho went skydiving Sunday to celebrate his 49th birthday and,…
For Christie Hefner, visiting the Playboy Mansion was a child’s dream.
A 36-year-old who modeled for Playboy , Victoria’s Secret, Maxim, and others has been strangled to death in her suburban Philadelphia apartment, reports local affiliate Fox 29 . Police found Christina Carlin-Kraft—her Facebook page is here —in the bedroom of her condominium in the upscale Main Line neighborhood about 9:15pm…
Playboy is reportedly suing a Canadian cryptocurrency firm for allegedly failing to integrate a “wallet that would support a range of cryptocurrencies across the company’s online media, digital and casual gaming businesses.” Playboy.tv was supposed to be the first of the company’s platforms to feature the new crypto wallet and payment options.
Playboy Sues Canadian Crypto Company
Playboy Enterprises Inc., the parent company of the Playboy magazine empire founded by Hugh Hefner, is suing a cryptocurrency firm listed on the Canadian Securities Exchange (CSE) “on allegations of fraud and breach of contract,” the LA Times reported Monday.
In the lawsuit filed in Los Angeles, Playboy claims that Global Blockchain Technologies (CSE: BLOC) “failed to live up to an agreement to integrate blockchain technology into Playboy’s online media channels,” the publication elaborated. The Beverly Hills-based company is seeking unspecified compensatory and punitive damages.
Global Blockchain Technologies, on the other hand, dismissed the suit as a “normal dispute” between two firms, calling the fraud allegation “frivolous.” In a statement to the news outlet, the Vancouver-based company wrote, “Global believes it has a strong defense to the action and will be vigorously defending same.”
Playboy’s Crypto Integration Plan
The two companies made an agreement in March, according to the lawsuit. At that time, Playboy announced:
The company is developing an online payment wallet that will support a number of cryptocurrencies across the company’s online media, digital and casual gaming businesses.
“Playboy.tv will be the first of the company’s media platforms to feature the new digital wallet,” the company wrote, adding that it “will enable the online platform to accept vice industry token (VIT), among other leading cryptocurrency tokens, for access to the brand’s exclusive content.” The crypto wallet is expected to be “available before the end of the year,” Playboy confirmed at the time. Playboy.tv currently advertises over 80 TV shows and over 2,000 episodes.
Launched in April, VIT aims to be a payment medium for the adult, gambling, and cannabis industries. Its market cap quickly rose to a high of $ 7 million after launch but has been falling steadily to just above $ 1 million today, with each token currently worth two-thirds of a penny at the time of this writing.
Global Blockchain Technologies made a separate announcement in May that it was “building a cryptocurrency wallet for Playboy that can hold VIT” to be integrated into “the Playboy.tv web media portal.” The company also confirmed at the time that “the integration of VIT into Playboy.tv and the wallet is set to be launched before the end of 2018.”
However, in the lawsuit filed, the LA Times reported:
Playboy said GBT [Global Blockchain Technologies] hasn’t made good on the deal and also failed to pay the $ 4 million it promised as part of the agreement.
What do you think of Playboy suing Global Blockchain Technologies? Do you think Playboy will find another way to integrate crypto? Let us know in the comments section below.
Images courtesy of Shutterstock, Global Blockchain Technologies, and Playboy.
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For Christie Hefner, visiting the Playboy Mansion was a child’s dream.
A former Playboy model pushed her 7-year-old son out the 25th floor window of her New York City hotel before committing suicide, police said Monday.
Hard Rock Cafe co-founder Peter Morton will sell the home on Tuesday to gas billionaire Michael S. Smith.
On March 14, the adult industry leader Playboy Enterprises announced the integration of cryptocurrency payments starting with its Playboy TV web portal. According to the announcement, customers will be able to access adult content, exclusives, and augmented reality (AR) and virtual reality (VR) initiatives in the future.
Also Read: Bitcoin Futures Predictions Volumes Grow
Increased Payment Flexibility
Playboy is an adult lifestyle and entertainment company that was founded in 1953 by Hugh Hefner. The firm became one of the first adult industry leaders within the sex industry and continues to be a dominant player. Headquartered in Beverly Hills, California, Playboy Enterprises publishes magazines, websites, television broadcasts, and radio in roughly 180 countries worldwide. Now the firm plans to introduce cryptocurrency payments for its online services starting with its Playboy TV subsidiary.
Reena Patel, the chief commercial officer and head of operations for Playboy Enterprises, stated:
As the popularity of alternative payment methods continues to grow around the world, along with the reach of Playboy’s digital platforms, we felt it was important to give our 100 million monthly consumers increased payment flexibility.
Rewarded for Engaging with Playboy Offerings
According to Playboy, the company will integrate a multi-cryptocurrency wallet that will hold a variety of top digital assets and a coin called Vice Industry Token (VIT). By using cryptos to pay for exclusive adult content, customers will be able to “earn tokens to view Playboy.TV’s original content, as well as comment on and vote for content.”
“This innovation gives the millions of people who enjoy our content, as well as those in the future who participate in our casual gaming, AR and VR platforms, more choices with regard to payment and in the case of VIT, an opportunity to be rewarded for engaging with Playboy offerings,” explains Patel.
This isn’t Playboy’s first rodeo with cryptocurrencies as the Playboy Brand Website; Playboy Plus started accepting BTC payments back in February of 2014.
What do you think about Playboy TV adding a crypto-wallet? Do you think cryptocurrencies and adult entertainment is a good mix? Let us know your thoughts in the comments below.
Images via Playboy Magazine, Playboy TV, and Pixabay.
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The post Playboy Plans to Integrate Multi-Cryptocurrency Wallet appeared first on Bitcoin News.
The Playboy Mansion desperately needs a fix up, and the work just got approved by the folks who will, most likely, designate Hef’s old crib a city landmark … TMZ has learned. The mansion’s new owner, Daren Metropoulos, has been cleared to…
Playboy is taking steps to protect its biz regarding its iconic bunny logo — almost a month after their founder Hugh Hefner died. Playboy filed to renew the rights to a retro version of its Playboy bunny mark on a ton of its packaging and…