After creating a PR firestorm, OnlyFans is changing its tune on its plans to ban sexually explicit content on their platform. The company sent out a hasty tweet this morning, promising an official statement later:
We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1 policy change. OnlyFans stands for inclusion and we will continue to provide a home for all creators.
OnlyFans founder Tim Stokely said the original move was due to banks including JP Morgan Chase, Bank of New York Mellon and Metro Bank, which had cut off OnlyFans’ ability to pay creators. Some speculate that announcing the ban helped OnlyFans with fighting the banks.
Sex workers, sex and gender minorities, and others who would be disproportionately affected by the ban sparked a furious backlash. Perhaps the threat of the whole industry moving to cryptocurrency payments got the banks thinking twice about their long-term business prospects.
For their part, banks are facing increasing pressure to cut off companies that do not adequately police sexually explicit content. Last December, Pornhub purged all unverified content in a move to prevent illegal content like revenge porn or other sexually exploitative content that did not have legal consent.
Image: George Despiris