I believe this is exactly what cryptocurrency was made to solve, to prevent legitimate businesses from losing a major revenue stream at the behest of a select few payment processing companies.
It doesn’t help that the major players in payment processing seem to often work in lockstep, being banned on one platform often leads to being banned on another.
While I recognise cryptocurrencies are far from a perfect solution, short of legislation, which is even less of a perfect solution, cryptocurrencies democratise payment in the digital sphere, free of institutionalised, arbitrary gate keepers.
Crazy and sad to me that THIS is what motivates you to advocate for cryptocurrency. Underbanked? Sure. Government turmoil and inflation? Yep. Sex trafficing 13 year olds. Na, probably shouldn't be allowed to profit off of that. Take that stuff off and all good, you're back to taking payments. ezpz. If those "gatekeepers" are literally saving lives, I'm all for it.
Your argument is technically true, but so misleading that I must conclude you are arguing in bad faith. Pornhub has far less illegal content than platforms such as Facebook and Twitter. Illegal content is an issue all user generated content sites face, and these payment processors actions are the result of a puritanical anti-porn campaign.
Who cares if they have less bad content than Facebook or Twitter. They did the right thing. The impact of that illegal content is huge. That's like saying more people get murdered in big cities so we shouldn't have police in smaller ones. Porn is fine. Sex trafficking and extortion is not.
They mean that there are other much larger sites like Facebook which does take payments which has literally, literally, 1 million times the number of cases of those illegal types of things getting reported on their site.
It doesn’t help that the major players in payment processing seem to often work in lockstep, being banned on one platform often leads to being banned on another.
While I recognise cryptocurrencies are far from a perfect solution, short of legislation, which is even less of a perfect solution, cryptocurrencies democratise payment in the digital sphere, free of institutionalised, arbitrary gate keepers.