30 September 2020
Virtual currencies, or cryptocurrencies are changing the way financial transactions are made. That includes booking escort services using cryptocurrency payments. Since the birth of Bitcoin in 2009, digital currencies are increasingly viewed as a medium of exchange. The first real world transaction using Bitcoin was made in 2010, when 10,000 BTC was exchanged for 2 pizzas from Papa John. While there are investors who will use cryptocurrencies to hedge against inflation, there is a growing number of crytocurrency users who purchase goods and services with it.
One can argue that Bitcoin, and other alternative cryptocurrencies are designed to offer unique advantages over payments using Fiat. Here are some of these advantages when used for booking London escort services;
1. No need to deal with an intermediary such as a bank
Fiat cash is king for the London escorts industry, and it has been for centuries. But is it time for a new King in town?
The landscape of the financial system is changing rapidly. Bitcoin and other altcoin cryptocurrencies are decentralised, as opposed to the centralised banking system. When clients pay for things such as escort services with Bitcoin (and cryptocurrencies), they do not need an intermediary bank to withdraw cash, nor do they have to make payment transfers with the approval of their bank. This makes it so easy for clients who book escorts with cash or bank transfers. A simple, quick transaction can be done directly from one cryptocurrency wallet to another wallet (peer to peer system that doesn't require approval from external authority).
2. It is more discreet to book London escorts with Bitcoin or altcoin cryptocurrencies
Using credit cards, PayPal or cheques to book escort services is not as discreet as simply making a transaction with Bitcoin or altcoin cryptocurrencies. The payment cannot be traced as easily with Bitcoin (and nearly impossible with a privacy altcoin such as Monero XMR) because there is no paper trail. Some decentralised Exchanges DEX used to purchase Bitcoin and other cryptocurrencies do not even require personal information. To register for a Bitcoin or altcoin wallet does not require any sensitive personal data either, making this an attractive option for clients who want maximum discretion. And really, it is nobody's business how money is spent- something that is becoming more difficult with centralised Fiat money.
3. Bitcoin and alternative cryptocurrencies gives more autonomy compared to centralised government issued digital money.
The emergence of the global COVID pandemic have put a spotlight on how people use cash. Many offline retail venues in the UK have started to accept card payments only, which is another move towards a cashless society.
The United Kingdom Treasury and Bank of England have even launched a joint taskforce to explore a central bank digital currency. The implications of this would be more centralised control over how people earn and spend their money. A central bank digital currency will be easy to trace and control, whereas Bitcoin and alternative cryptocurrencies will give users more autonomy.
4. Bitcoin and alternative cryptocurrencies have low transaction fees for making international escort bookings
Standard wire transfers for making international escort bookings (or deposits for a travel escort booking) can be expensive compared to the gas fees in sending Bitcoin or other cryptocurrencies. This is a huge advantage for international clients who travel different continents for work. A payment made using cryptocurrency is also confirmed much quicker, within a matter of minutes. It is more convenient and cost effective to make travel escort bookings using Bitcoin, or other altcoins.
5. It is more secure and efficient for London escorts to receive payments using Bitcoin or cryptocurrencies
London escorts are becoming more aware of cryptocurrencies and adopting it for their own business. For London escorts who accept Bitcoin, a payment transaction can be completed securely and literally, in seconds. Clients can send bitcoins from their Bitcoin wallet using the escort agency's cryptographic public key or by a simple QR code scan using their smartphone. Not only is the payment immediate, the transaction itself is irreversible if the client changes their mind. The obvious advantages for escort service providers in London to receive bitcoins is certainty and efficiency. A booking can be confirmed immediately after the bitcoins are received and there is no worry about counterfeit or the incorrect amount of cash. There will be no chargeback problems with this method of payment compared to credit cards, or the fear of cheques bouncing.
6. Time for a paradigm change for the adults entertainment and escorting industry
Since the emergence of cryptocurrencies, it has been adopted, albeit tentatively, by the adults industry.
It started with Reddit's Girls Gone Bitcoin, where livestreaming camgirls used Bitcoin as a new medium of exchange. Vendors selling adult video content (including PornHub) have also caught on. Around the world, the adults entertainment industry have warmed up to this discreet, trustless, permissionless and decentralised way of paying. London is not the first city where escorts have adopted Bitcoin and cryptocurrencies; early pioneers around the world have led the way to alternative money. Early success have set the precedent, although some are still hesitant, the gateways of payment using cryptocurrencies have increased (PayPal, Mastercard, Revolut) and business savvy escorts are taking note. Sometimes, a disruptive change becomes the norm.
To present a balanced view of using Bitcoin or alternative cryptocurrencies to pay for London escort services, here are some major disadvantages:
1. Bitcoin and alternative cryptocurrencies are too volatile to pay for escort services
Escort fees in BTC would be fluctuating with the Bitcoin exchange rate. A cursory look at Bitcoin exchange rates on Crypto.com or Binance.com (some of the main centralised exchanges) show wild fluctuations in BTC and altcoins throughout the year. What this means is that the British pound sterling (currency accepted by most London escort services) can go from being very weak against the BTC value, to being very strong. Escorts may be paid in BTC one day and find that the GBP value of their BTC have dropped 20% next week! This volatility makes BTC and alternative cryptocurrencies riskier than cash.
2. Not enough clients use or want to spend Bitcoin
Bitcoin and alternative cryptocurrencies are not yet mainstream enough for most clients to consider using it. Furthermore, Bitcoin is perceived to be a store of value, rather than medium of exchange. What this means is that clients who have acquired Bitcoin may hoard them as a hedge against long term inflation. They will treat it as a future investment instead of spending it.
3. It requires too much tech-savvy to use cryptocurrencies
As if the concept of Bitcoin/cryptocurrencies was not confusing enough, users have to understand private keys, learn how to use crypto wallets and set up all the security measures against theft. Sometimes, this requires the correct internet browser, 2 factor authorisation (2FA) and a costly hardware wallet for offline cold storage. It can be argued that most people are not ready yet for Bitcoin and other cryptocurrencies. The irreversible theft of cryptocurrencies (due to being decentralised) is a common occurrence for users who do not have proper security implementations. The vulnerability of Bitcoin and cryptocurrencies to theft makes them again, a risky option for both clients and escort agencies who holds them.
4. There are too many scams and hackers in the cryptocurrency space
The nascent blockchain and cryptocurrency space attracts too many scams targeting retail buyers. Many cryptocurrencies are scams intended for a quick 'pump and dump,' or rug pull to benefit the early seed investors. There are other scams too, which compromise the safety of cryptocurrency wallets and exchanges, phishing and stealing customer's sensitive data.
The most newsworthy of these scams have been Bitconnect, MtGox, DeepBrain Chain, Bithumb, in addition to meme coins that have rug pulled after a price hike.
All in all, the cryptocurrency space is full of people acting in bad faith. To navigate the waters safely is a feat in itself.
5. Escort agency fraud using cryptocurrency
The desirable features of Bitcoin such as irreversible, final transactions can also be its least desirable when fraudulent transactions are involved. The client must trust the escort agency to deliver the escort once their bitcoins payment is made. There will be unscrupulous scam escort agencies taking the bitcoins payment upfront with no intention of honouring their word.
Here are the altcoin, or alternative cryptocurrencies that Haute Girls escort agency accept for booking London escorts:
1INCH -built on the Ethereum blockchain, this token powers the decentralised 1inch exchange DEX that finds the best rates by aggregating tokens across different DEX
AAVE -previously known as LEND, Aave is built on the Ethereum blockchain, to power AAVE, a decentralised money market protocol. Depositors to the AAVE network provide liquidity to earn passive income. People can also use AAVE to borrow cryptocurrencies against a variable interest rate.
ACM - this is a utility token otherwise known as the AC Milan Fan Token. This token gives AC Milan fans voting rights and influence on club decisions through the Socios app. This gives token holders a membership access for exclusive rewards. ACM holders can vote on polls, compete in contests and warn rewards.
ADA - Cardano is a blockchain platform that operates on proof of stake and allows innovators in crypto to bring about big changes. It is an open source project founded in 2017 by ex-Ethereum founder Charles Hoskinson. Cardano aims to create a society that is more decentralised, fair and transparent. Holders of the token can vote and make decisions on the operation of the network, such as changes to the software.
AION -this is a token for holders to secure and access the OAN (Open Application Network). It was launched in 2018 to give public network access to everyone. The Open Foundation is a non profit that allows people to develop Open Apps. The OAN allows for interoperability between multiple blockchains and the AION token is the main token of the network.
AKRO -Akropolis is an Ethereum based financial protocol that provides a decentralised ecosystem for growing wealth, including borrowing and lending. Its products include AkropolisOS, Sparta, a platform for uncollateralized lending, and Delphi, a yield farming aggregator. The token AKRO is an ERC20 token allowing holders governance rights.
ALGO - Algorand is a decentralised blockchain network that supports different apps. It is scalable, secure and efficient for practical applications in the real world.
ALICE -the utility token for My Neighbor Alice, a multiplayer game where players can buy virtual land, build teams and collect NFTs. The ALICE token can be used for in game currency to purchase digital assets.
ALPHA - Alpha Finance Lab is a cross-chain DeFi platform that make defi products simple for all. Prducts include Alpha Lending with algorithmically-adjusted interest rates. Alpha Homora is another one that allows users to yield farm with leverage. ALPHA is the utility token of this network and can be used for governance voting and liquidity mining.
ANKR -founded in 2017, the Ankr network is a marketplace for container based cloud services. It is used for enterprise clients to deploy blockchain nodes with cost efficiency. It is cheaper than public cloud providers and takes away the problem of single point of failure since it is decentralised.
ANT -decentralised, built on the Ethereum network. This token allows holders to govern and vote on the Aragon Network.
ARDR - this is a multichain blockchain platform with a parent-child chain architecture. The parent chain is called Ardor and that provides the security; it is designed for mainstream adoption of blockchain technology. It is scalable, based on Nxt technology and offers pure proof of stake consensus algorithm.
ARPA - layer 2 blockchain solution to help separate data utility from centralised ownership. Data can be rented, analysed by multiple entities while keeping it secure. Developers can build decentralised apps on ARPA network that perserves privacy. Practical use cases include secure data wallet, AI model training, anti-fraud and credit blacklisting.
ATOM -utility token of the Cosmos ecosystem which solves some of the most intimidating problems in blockchain. It aims to simplify the technology behind blockchain by giving developers a modular framework. It has interoperable features to make communications easier across different blockchains.
AVA- native utility token of Travala.com, founded in 2017, to book travels using blockchain. The competitive advantage of AVA is that it is cheaper than mainstream travel booking platforms. The AVA token allow users to earn rewards, take part in Customer Loyalty Program and Afflilates etc.
BADGER- this is an open source decentralised company that simplifies the use of BTC as collateral across different smart contract platforms. Badget Builders can work together and earn a % of the fees and BADGER tokens from the mining pool.
BAKE- launched in September 2020, this Bakery Token is part of the BakerySwap ecosytem. BAKE tokens are awarded to liquidity providers and they can use it to vote in the governance process of the ecosystem. BakerySwap is a protocol based on the Binance Smart Chain. It is a BEP-20 governance token.
BAL - developed on the Ethereum blockchain, the Balancer is an automated market maker launched in 2020. The Balancer Protocol is a self balanced weighted portfolio and liquidity provider. Users can earn profits through BAL tokens and there are private pools (for governance) as well as shared pools (liquidity provider).
BAND - the Band Protocol is a cross-chain data oracle platform uses real world data and supplies it to on-chain apps. It can connect APIs to smart contracts. By using any type of real world data, for instance, weather, esports and price feed, the Band Protocol can unlock a range of new uses. BAND token was originally built on Ethereum as an ERC 20 project but migrated to Cosmos Network in 2020.
BAT -otherwise known as the Basic Attention Token, BAT powers blockchain based digital advertising platform to reward users for their attention. It allows advertisers better return on ad budget. Users have to install the Brave Browser and watch adverts to receive their BAT rewards. By being very targeted, advertisiers can prevent money losses due to ad fraud. BAT can be exchanged between users, content creators and advertisers.
BCH -Bitcoin Cash is a peer-to-peer electronic cash system. By making payments faster, more private and easier, it aims to become a global money payment system. BCH has a limited 21 million coins.
BEAM -decentralised finance platform DEFI that runs on LelantusMW and Mimblewimble. It circumvents the problem of privacy by increasing the anonymity of transactions.
BEL- Bella Protocol provides different dencentralised finance DEFI products to make crypto based banking even easier. It aims to improve fees and transaction speeds across its protocol. The Bella smart pool lets users access the best finance yields, with zero gas fees.
BLZ - Bluzelle is a decentralized data layer for dapps to manage data securely. It is scalable and censorship resistant. Bluzelle aims to advance Defi, supply chains and other WEB 3.0 apps. The core products built on Bluzelle are powered by Tendermint Blockchain; the Bluzelle database is for developers to store info. The Bluzelle Oracle is a pricing oracle that allows for fast speed and increased level of security. BLZ holders can also stake their tokens to gain passive income.
BNB -Binance, the de facto most popular cryptocurrency exchange platform launced BNB in 2017 as part of its ecosystem of different functionalities. The entire Binance network consists of Binance Chain, The Binance Academy, Binance Trust Wallet and different innovation zones (Bnance backed projects and Binance IEOs). Thus, BNB or Binance coin, is an important part of thier ecosystem. The founder of Binance and BNB is Changpeng Zhao.
BNT -Bancor uses smart contracts to manage on chain tokens. The Bancor protocol can convert tokens fast without the use of a centralised exchange. There are liquidity pools connecting different tokens and the BNT is the main token used for the network. Bancor is considered to be one of the most important Defi protocols in cryptocurrency.
BTS -BitShares is a decentralized platform that allows users to trade cryptocurrencies without the use of an intermediary. The BTS is the native token that can be used to create BitAssets, collect rewards, etc.
BURGER - BurgerSwap was launched in 2020 to make crypto exchanges even moredecentralised and democratised. It is built on the Binance Smart Chain BSC. BURGER is the native utility token that allows staking, block rewards and voting. Liquidity providers can also be awarded with BURGER tokens.
CAKE - this is a decentralised DEFI app that allows users to provide liquidity, exchange tokens, and earn fees. Users can swap BEP20 tokens on Binance Smart Chain with Pancake Swap. Liquidity is provided by users who deposit their funds into a pool.
CELO - this is a blockchain ecosystem that aims to increase cryptocurrency adoption with smartphone users. CELO is a proof of stake token that can be used for transaction gas, governance voting.
CELR- the Celer Network is a layer 2 scaling platform with internet scale. Developers can build fast, user friendly and low cost Dapps on the Celer Network.
CHR - Chromia is built on the Ethereum platform. There are currently 429,822,249.993648 CHR in circulation.
COCOS - Cocos-BCX (COCOS) is built on the Ethereum platform. There are currently 42,015,868 COCOS in circulation.
COMP - Compound is a DeFi lending protocol thats gives users interest on their cryptocurrency deposits. People can deposit tokens into a Compound Pool and receive cTokens, which represent user's stake in the pool. After depositing ETH into the Compound pool, depositors can get cETH (which can be redeemed for more value).
COS- Contentos (COS) operates on the Binance Chain Platform. There are 3,031,518,903.388166 COS tokens in circulation.
COTI -this is an enterprise grade fintech platform that allows companies to build their own payment solutions. It is one of the first cryptocurrency protocols to support decentralised payments and it designed for UI and UX. It addresses all the pain points of traditional finance and gives users better scalable, more private and faster solutions.
CRV -Curve is a DEX for stablecoins using an automated market maker to manage the liquidity. It is a DEFI platform with a DAO and CRV being its native token. Curve DAO uses Aragon to connect different smart contracts.
CTSI -Cartesi solves the problems of scalability and high fees by making smart contracts better. Developers can code using mainstream software stacks.
CVC -Civic is a blockchain-based identity management solution that gives users more control over their sensitive data. A distributed ledger technology allows identity verification in real time.
DASH - open-source blockchain that provides a faster, cheaper international payments network. The original DASH whitepaper stated that they will be an improvement on Bitcoin by offering better privacy and faster speeds for payment. Dash is a portmanteau of digital cash.
DATA - crowdfunded in 2017, Streamr is an open source project that aims to provide decentralised infrastructure for real time data. This network will enable data sharing and monetisation in smart cities.
DEGO - Dego Finance is an ecosystem that combines NFT with DEFI functionality. Anyone using the Dego Finance ecosystem can launch an NFT and also initiate the mining, auction and trading. Dego is a cross chain second layer infrastructure.
DENT - Launched in 2017, this is a digital mobile operator offering eSIM cards, call minutes, mobile data plans for the global marketplace. Dent uses blockchain technology to power their marketplace and have attracted over 25 million mobile device users, spanning 140 countries. Enterprise partners include Samsung, Enterprise Ethereum Alliance and Telecom Infra.
DGB -DigiByte is an open source blockchain started in 2013. It aims to improve security, privacy and improve on the Bitcoin blockchain. There are 3 layers to DigiByte: a smart contract App store, a public ledger and nodes on the core protocol.
DIA - short for Decentralised Information Asset, this is an open source oracle platform. Actors using this DIA platform can source, supply and share data. DIA provides a reliable and verifiable bridge between off-chain data from different sources and on-chain smart contracts.
DNT - District0x is a network of decentralised markets and communities. Users on the platform can launch their own decentralised platform governed by an autonomous organisation DAO. DNT is a ERC-20 utility token used for community voting.
DOCK- this is a platform that provides enterprise solutions; how to solve problems with existing data and how it is shared and controlled.
DODO - a dEFI protocol and on-chain liquidity provider whose algorithms tries to provide superior liquidity and price stability. They utilise a PMM pricing mechanism.
DOGE -otherwise known as Dogecoin, this is an OG cryptocurrency that features the face of a Shiba Inu and is regarded as a meme coin by the altcoin community. The adorable face of the dog is synonymous with many internet memes, not least the entire cryptocurrency space, whose slogan is 'to the moon.' In 2020, Elon Musk declared Doge to be his favourite altcoin. Originally created in 2013, this open cource cryptocurrency was a Litecoin fork. In 2021, it was one of the most pumped altcoins by TikTok creators and retail traders on WallStreet Bets.
DOT - a very well known large cap altcoin also known as Polkadot. This is an open source sharding multichain protocol that allows for cross chain transfer of any asset or data type. Polkadot ecosystem is interoperable, and many regard this as a bluechip infrastructure. The Dot protocol connects public and private chains, permissionless networks, and oracles. In short, it aims to connect every blockchain to allow for trustless sharing of information through the Polkadot relay chain. DOT tokens provide voting rights, and creating parachains.
DUSK -blockchain for programmable and confidential securities, powered by Zero-Knowledge proofs and Private PoS leader extraction-based consensus protocol.
EGLD -also known as Elrond, is a blockchain protocol that provides sharding and faster transaction speeds. The protocol would be the ecosystem for the new internet. With 15,000 TPS and 6 second latency, it is far cheaper and faster than the Ethereum blockchain. EGLD is the native token, used for network fees, staking and validator rewards.
ENJ -Enjin is a company that provides an interconnected ecosystem for gaming. The Enjin Network is a social gaming platform backed by blockchain. ENJ is a ERC-20 token that backs the digital assets issued using the platform. ENJ is also a digital store of value for NFTs.
EOS- this is a blockchain platform that allows developers to build DApps.
ETC -Ethereum Classic is a hard fork of Ethereum blockchain that was launched in 2016. It is a smart contract network and can host decentralised apps.
ETH -Ethereum is the biggest altcoin by marketcap and the second most well known cryptocurrency next to Bitcoin. Ethereum is an open source blockchain system that was created by Vitalik Buterin in 2013. To date, there are hundreds of ERC-20 tokens built on the Ethereum blockchain. Although it is not the fastest or cheapest blockchain to use, it is the most widely used, with many ETH/altcoin pairs being exchanged on UniSwap.
FET- Fetch.ai is an Internet of Things platform that connects machine learning to decentralised problem solving. The open source tools provided by Fetch.ai help users deploy commercial models.
FIO- FIO Protocol (FIO) is a blockchain protocol that makes sending and receiving altcoins easier. FIO is used for transaction gas fees and on-chain governance.
FTM - Fantom is a DAG smart contract platform that provides DEfi services to developers. Its utility token is called FTM. The platform provides faster transaction speeds which is a main paint point with smart contract platforms.
FUN - this is a digital sset developed for the online gambling and gaming industry.
GRT -also known as The Graph, this token is listed on Coinbase. The main purpose of The Graph is to be an indexing protocol for networks such as Ethereum and IPFS.
HARD - this is a protocol built on Kava, that enables lending and cross chain asset borrowing. The tokens themselves are used for governance and liquidity mining rewards.
HBAR- token of the Hedera Hashgraph network. The network itself is public, letting people create DApps. It aims to create a more efficient system that removes the restrictions of older blockchains such as slow performance. The native HBAR token powers Hedera in smart contracts, transactions and file storage.
HIVE -a decentralised information sharing network launched in 2020. It has a financial ledger built on Delegated Proof of Stake DPoS Protocol, It supports Myriad DApps, APIs, font ends.Real world application of HIVE includes monetised rewards for content producers, micro loans and ID management.
HOT- Holochain hosts decentralised apps and is known as a peer to peer distributed platform. HOT stands for HoloToken and is an ERC-20 token built on Ethereum blockchain. Users can redeem HOT for HoloFuel.
ICX -this is a decentralised blockchain that is used for interoperability. By being interoperable, it allows independent blockchains to connect and transact with each other. ICX is the native currency that rusns Proof of Stake consensus protocol and smart contracts.
INJ- also known as Injective Protocol, this is to make currency exchanges decentralised and allows holder of the INJ tokens to be sole operator. Launched in 2020 as an IEO, it is backed by Binance, Pantera and Hashed.
IOST- the super fast decentralised blockchain network that has its own ecosystem, nodes and wallets. It is based on proof of believability.
IOTA -this is the distributed ledger on Tangle. Tangle confirms transactions and it provides faster speeds than conventional blockchains. Without a blockchain, there are no miners, and no fees. IOTA's aim is to become the number 1 platform for performing transactions between IoT devices.
IOTX - launched in 2017 as an open source project, IOTX is a decentralised platform that allows people and machines to interact with trust.
IRIS -the IRISnet is a service protocol launched in 2019. This is a blockchain powered open network for small and medium sized businesses that offers different services.
JST -this is a decentralised DEFI ecosystem built for TRON blockchain. It even has a JustStable decentralised stablecoin lending platform. JST had on IEO on the Poloniex Launchbase platform.
KAVA - this is a cross chain decentralised finance lending platform for borrowing USDX stablecoins. The KAVA Defi ecosystem is a decentralised bank for digital assets; users can also access synthetics and derivatives.
KEY - also known as SelfKey, this is a blockchain powered identity platform. SelfKey allows companies, exchanges and banks to manage KYC.
KNC -the native token of Kyber Network, which is an on-chain liquidity protocol that takes liquidity from various sources. The aim of Kyber Network is to allow DApps, DEXs and others easy access to liquidity pool -being on-chain allows transactions to be easily verified using Ethereum block explorer.
KSM -this is the infamous willd cousin of Polkadot. Kusama is a blockchain that provides interoperable and scalable framework for developers. Substrate is the blockchain that Kusama is built on. KSM is written with the similar codebase as Polkadot and by using Kusama, blockchain startups can have access to very scalable and interoperable sharded network.
LINA- also called Linear Finance, this is a decentralised deltra 1 asset protocol. Synthetic assets can be created with unlimited liquidity. Synthetic asset tokens of traditional assets such as Forex, commodities, market indices etc.
LINK -one of the most well known altcoins, Chainlink was created in 2017 by Sergey Nazarov at Chainlink Labs. This is a blockchain abstraction layer that allows for smart contracts. Blockchains can securely interact with external data feeds through an oracle network. There is an open source community of smart contract developers, node operators and security auditors driving the Chainlink Network.
LIT -this is called Litentry, a decentralised identity authentication infrastructure. The infrastructure is built on Substrate.
LRC -Loopring is an open protocol and the LRC is its native token built on Ethereum.
LSK -Lisk was launched in 2016 and it is known to be a blockchain app platform that provides developers with a software development kit for blockchain apps.
LTC -otherwise known as Litecoin (LTC), this is an altcoin that offers fast, secure and cheap payments by using blockchain. Originally based on the BTC protocol, this has a different hashing algorithm, and hard cap. The practical usage of LTC is for micro-transactions and point of sale payments.
LUNA- also known as Terra's native token. Terra is a blockchain protocol that used fiat pegged stablecoins to enable global payments. It provides price stability and fast settlement times. Terra was launched in 2019 in South Korea. The purpose of LUNA is to stablised the price of the protocol's stablecoins.
MANA -also known as Decentraland, this is a virtual reality platform powered by Ethereum. Users of Decentraland can create, experience and make money from their content. For instance, the purchase of virtual plots of land.
MATIC -rebranded Polygon after being called Matic Network. This is a layer 2 platform for Ethereum scaling and infrastructure development. The main compoment is Polygon SDK. With Polygon's help, Ethereum can be transformed into a multi chain system or Internet of Blockchains.
MBL -ICO project driven by Pandora.tv, a Korean video streaming platform. It aims to ceate a large film ecosystem with transparent revenue share, audience data and equality in screening.
MFT - Hifi is a Lending Protocol that lets anyone borrow against their cryptocurrency. By buying and selling tokenised debt, fixed rate fixed term lending can be used in DEFI.
MIR -this is the governance token of the Mirror Protocol, built by Terraform Labs TFL on the Terra blockchain.
MITH -Mithril is built on the Ethereum blockchain and it is a decentralised social media platform. Users creating content on this social media platform are rewarded.
MKR- this is the governance token of MakerDAO and Maker Protocol. It is built on the Ethereum blockchain and allows users to issue/manage the DAI stablecoin.
NANO - this is a cryptocurrency that makes secure and fast payments; it is digital money for the modern world.
NEAR -the Near Protocol is a decentralised app platform that makes apps usable on the web. It runs on Proof of Stake and has a consensus mechanism called NightShade to provde scalability and stability. NEAR is the native token of the NEAR protocol used for running validator nodes, governance and fees.
NEO - a big and expanding ecosystem of blockchains, NEO was one of the most famous cryptocurrencies of the 2017 bullrun. It is rebranded from Antshares and was China's first public blockchain in 2014. It has an open source platform and often compared to Ethereum.
NMR -Numerai is built on Ethereum and helps data scientists create machine learning models. It aims to make the data science field more decentralised.
NULS -Proof of Credit consensus mechanism that powers the microservices blockchain. Chain Factory is a NULS product that allows for businesses to use plug and play selection of modules.
OCEAN -also known as the native utility of Ocean Protocol, this is a blockchain ecosystem that lets businesses use data and monetise it via OCEAN. Content creators can monetise data while consumers can access datasets in the Ocean Market.
OGN -Origin Protocol allows users to share goods and services via the Peer to Peer networks.
OMG -otherwise known as OmiseGo, this is a non-custodial layer 2 scaling solution for Ethereum. By using OMG network, users can transder ETH and ERC20 tokens much faster and less costly.
ONE - also known as Harmony blockchain, this allows for the creation and use of decentralised apps. Cross sharding contracts and cross chain infrastructure are the next steps for Harmony.
ONG -this is Ontology Gas token from the Ontology network which is a fast open source blockchain for data and digital ID. The infrastructure supports cross chain collaboration and layer 2 scaling.
ONT -the Ontology Network that offers decentralised ID solutions and data sharing protocols for enterprises.
ORN -the native token of the Orion Protocol; this was designed to aggregate liquidity from several cryptocurrency exchanges and offers a non-cutodial gateway to the digital assets market. It solves the problems of lack of liquidity on the main crypto exchanges.
OXT -the native token of the Orchid network that allows for VPN internet. It allows for crypto payments to purchase internet bandwidth from any of their member providers.
PERL- Perlin uses the Planetary Ecosystem Registration Ledger for real world adoption.
PNT -the pNetwork allows cross chain interactions between dApps on different networks. pTojens are pegges representations of assets on other blockchain. The decentralised platform is managed via a DAO where people can stake their tokens and get voting rights.
POLS -also known as Polkastarter, this is a platform that functions as a launchpad for cross chain auctions and token pools. It is helping start up blockchain projects to raise funding and distribute tokens. POLs is the native token used within the ecosystem and for liquidity mining, governance etc.
POND -this is the utility token of Marlin, an open protocol provider of network infrastructure for Web 3.0 and Defi.
PUNDIX -developer of devices powered by blockchain and helps retail businesses with point of sale solution. The ICO was in 2018 and since then the company launced retail services such as XWallet, XPOS, XPASS and BOB.
QTUM -Quantum is a proof of stake smart contract opn source blockchain platform. It is built on Bitcoin's UTXO model with added smart contract and DApps.ICO was in 2017.
RAMP - this protocol allows DEFI adoption by letting users to stake tokens on ETH platforms. The aim is to maximise capital efficiency.
REEF -built on Polkadot, this is a Defi platform that provides cross chain trading. The pain point with crypto is fragmentation which Reef attemptes to resolve. There is a smart liquidity aggregator and added security to prevent breaches.
REN -an open source protocol that provides liquidity and interoperability between blockchain platforms. The native token is called REN and used for running node bond.
REP -otherwise known as the utility native token of Augur. This is blockchain for the prediction markets.
RLC -iExec is a decentralied cloud computing solution. Users can monetise their computing power as well as datasets. The industries that could use iExec includes healthcare, big data, AI and fintech. The open source software used is XtremWeb-HEP.
ROSE- The Oasis Network is a privacy enabled platform that is used for the data and finance industries. It provides scalable Defi, and privacy features and tokenised data.
RSR- also known as Reserve Rights, this is a stablecoin platform that uses RSV. RSR is the token that keeps RSV stable through arbitrage. Thus, RSR is always changing in price and can be used for speculation and governance.
RUNE -the native token of Thorchain, a decentralised liquidity protocol that lets users swap crypto while having full custody of their assets. Rune is the currency in the ecosystem and is used for governance.
RVN -a peer to peer network that transfers assets from one person to another. The Ravencoin is a fork of Bitcoin and the ICO had no premine.
SAND - Sandbox is a virtual world platform where users can build, buy, create and sell digital asset games. It combines DAO with NFTs for the gaming community. The aim of the venture is to make blockchain technology mainstream in gaming. They feature an earn to play model to benefit everyone.
SHIB -marketed as the Dogecoin killer, this is a meme coin that is on ShibaSwap.
SKL - it provides scalability to Ethereum and is an eleastic network. Its goals are to make payments cheaper and reduce latency.
SNX -Synthetix Network is a defi protocol that alls on-chain exposure to crypto and non-crypto assets. The Network is built on the Ethereum network and gives people access to very liquid synthetic assets, without having custody of the assets.
SOL -Solana is an open source platform that uses permissionless decentralised technology. It is considered Defi. Users can use the Solana Protocol to make DApps. It operates on proof of history and proof of stake.
SRM - built on the Solana blockchain, this is decentralised and allows higher speeds as well as lower transaction costs. The Serum exchange is non-custodial and there is no KYC.
SUN - this is Tron's platform that allows stablecoin swap, governance and mining.
SUSHI - token of SushiSwap, which uses AMM or automated market maker. The project aims to diversify the AMM market and increase additional functions compared to Uniswap.
SXP - the token that powers the Swipe ecosystem. The platform itself aims to build the bridge between fiat and crypto; the Sipe card is a global payment card.
TFUEL - one of the tokens on the Theta blockchain. This acts as a utility token to power everything on the Theta ecosystem such as payments and interactions with smart contracts.
THETA - this blockchain network is built for video streaming -it allows users to earn TFUEL and share bandwidth on a peer to peer basis. Theta is the native token and it gives holders governance rights.
TOMO -the project aims to improve the scalability of Ethereum. This blockchain infrastructure is for DApps and security. This, combined with smart contract scalability and real world use cases make this one of the best blockchain companies in Vietnam.
TRB - Tellor is built on Ethereum and is a secure oracle for Defi DApps. It operates on the proof of work consensus.
TROY - the Troy token is the medium of exhange within the Troy Network.
TRX - decentralised platform built to be an improvement on Ethereum. It is used for entertainment and content sharing-it allows for file sharing, content creation, and decentralised gaming.
UMA - also known as Universal Market Access, this is a protocol built on Ethereum and used for the creation of synthetic assets. It allows parties to automate real world financial derivatives including futures and CFDs.
UNFI -DEfi with DAO used for the financial industry. It allows for interoperability with multiple blockchains.
USDT- this is a stablecoin to reflect the price of the dollar. The company Tether is Hong Kong based and was released as a second layer crypto token built on top of Bitcoin.
VET -Vechain is a supply management blockchain platform. It uses distributed governance and IoT to create an ecosystem to solve issues with supply chains. VET and VTHO are the native tokens used to manage the ecosystem. With Vechain, vendors can improve the traceability and transparency of supply chains.
VITE - built on the DAG based smart contract platform. It uses Delegated Proof of Stake to achieve network consensus.
VTHO -part of the VeChain ecosystem, this improves the overall functionality of supply chain management. It allows for smooth transactions on the Vechain blockchain and is the smart contract layer.
WAN - the native token of Wanchain, a distributed ledger for cross blockchain transactions. It features interoperability and heightened security. Both public and private chains. Wanchain is an Ethereum fork.
WAVES -this is a blockchain with many different purposes. it supports both smart contracts and DApps. The native token Waves can be used for block rewards.
WING - this is a decentralised blockchain platform that is credit based. It can be used for digital asset lending and cross blockchain communication. Users can hold the tokens for decentralised governance. It aims to solve the problem of over collaterisation in Defi.
XLM - Stellar was released in 2014 and is one of the larger cap altcoins that aims to make blockchain more mainstream in the finance industry. Stellar Lumen or XLM is the main native token. Its function is to make trading assets cheaper across international borders.
XMR - the best known privacy crypto launched in 2014. It allows users to send money privately by hiding the sender identity and also recipient.
XRP -this is the native token of Ripple, which aims to make transactions cheaper, faster and more scalable. The ledger is maintained by the international XRP community and anyone can become a Ripple validator.
XTZ - one of the biggest IPOs in crypto history, Tezos is an open source company that is based on smart contracts and provides a superior infrastructure to Ethereum. Holders of XTZ can stake for rewards and also vote on protocol upgrades.
YFI -native token of Yearn Finance, this allows yield farming profits. It aims to simplify the process of yield farming for technical experts to beginners alike.
ZEC - a crypto that provides privacy to holders. The blockchain can verify information without having to reveal anything sensitive about the user.
ZEN -native token of the blockchain network Horizen, this is decentralised and provides scalable data privacy.
ZIL -the most well known crypto from Singapore, Zilliqa is a permissionless blockchain that allows for faster transactions through sharding and better scalability. DApp builders can develop on the Zilliqa network and in 2020 they launched a ZilSwap for digital assets to be exchanged. The token ZIL allows for transactions and to execute smart contracts.
ZRX -the native crypto token of 0x which is an infrastructure that allows for efficient trading of ERC20 tokens. The network is open source and the smart contracts can be audited publically.
Overall, it can be seen that adopting Bitcoin and alternative cryptocurrencies for escort agencies has many advantages as well as disadvantages. If adopted alongside cash, Bitcoin may benefit both escort agencies and clients who want more discretion, lower transaction times and costs. We are certain that more escort agencies will start to accept cryptocurrencies in the years ahead, but until it stabilises and becomes more user friendly, it will only be an alternative to more centralised money payments.