After OnlyFans confirmed that it will change its policies to ban posts of sexual content, a great controversy arose on the reasons behind the decision.
In that sense, the CEO of the platform, Tim Stokely, he was sincere in an interview with him Financial times, where he assured that he had no other option but to give in to the pressure of the banks.
“The change in politics, we had no choiceThe short answer is that it was the banks, ”he said.
In addition, he added that the Bank of New York Mellon, the Metro Bank and JPMorgan Chase, decided to completely break relations with the company due to a reputational situation. Meanwhile, the BNY went so far as to reject any transaction related to OnlyFans.
Therefore, the platform had made fundamental Visa and Mistercard in their digital economy transactions, although they were recently affected by a scandal involving minors in Pornhub.
Thus, Stokely pointed out that OnlyFans had been unjustifiably singled out for the media coverage of an alleged “incident of legal content”.
It should be noted that when it was announced that from October the platform will ban explicit sexual content, Bloomberg He pointed out that it was a response to pressure from bankers, however, with Stokely’s response, the version has been confirmed.
Currently, the site conditions they allow the nudes, except those that are recorded in public or broadcast from a jurisdiction where such public practices are illegal.
“We will share more details in the coming days, and we will actively support and guide our creators through this change in content guidelines. OnlyFans remains engaged with the highest levels of security and content moderation of any social platform. All creators are verified before uploading any content to OnlyFans, and all uploaded content is reviewed by automated systems and human moderators, “said the UK-based company in recent days.
Many of its most popular creators post nude photos and videos, and the platform has been praised for offering sex workers a safer place to do your work.
Although on the surface it is known that the reason that led to ban adult content On his platform, there are those who point out that the incident that Stokely mentioned, and which he did not elaborate on, was what would have motivated the bankers in turn.
Supposedly, by not having strict regulations on its content, among reputable accounts such as those of Mia khalifa (former porn actress), Bella Thorne (actress) and Holly madison (Playboy bunny), some who were committing sexual offenses to third parties sneaked in. However, that version has been kept out of public discussion and only among social media users.
Founded in 2016, OnlyFans paid more than $ 5 billion to creators around the world.
Under its terms, the company keeps 20% of the revenue generated by its more than 2 million creators. Last year it had a turnover of more than 2 billion dollars, and it is on track to double that figure this year.
Last July, the company approved 114,065 creator accounts out of 279,222 applications, according to the company’s first monthly transparency report.