OnlyFans has made a sharp U-plough on its decision to ban sexually explicit content after it had received a backlash from creators and some new assurances from at to the lowest degree one banking company suffering bad PR.

The platform became wildly popular by connecting online sexual activity workers to subscribers, but this has not gone down well with a number of major banks.

The firm was forced to change its policy on Aug. 19 to prohibit "sexually explicit conduct" following pressure level from the Banking concern of New York Mellon, Metro Bank and JPMorgan Chase, which refused to provide services to users of the platform.

In a tweet on Wednesday, OnlyFans stated that it has now reversed this decision and "volition continue to provide a home for all creators."

An OnlyFans spokesperson told TechCrunch:

"The proposed October 1, 2022 changes are no longer required due to banking partners' assurances that OnlyFans can support all genres of creators."

However, the official statement merely says it "suspended" the policy, which suggests the policy may exist reintroduced at a afterward date if the assurances aren't backed up in reality.

The conclusion to ban sexually explicit content had frustrated sexual practice workers who rely on the platform to back up themselves financially, especially during pandemic-induced lockdowns. Following the conclusion, some creators had already deleted their OnlyFans accounts and moved to alternate services.

At the time of the initial announcement, Tim Stokely, founder and CEO of OnlyFans, stated that the firm pays over 1 meg creators more than than $300 million every calendar month, calculation, "making sure that these funds get to creators involves using the cyberbanking sector."

Speaking to the Fiscal Times this week, Stokely named JPMorgan, in particular, equally existence "aggressive in closing accounts of sex activity workers" or whatever business that supports them. It appears that OnlyFans was able to find a resolution to the result with at least ane depository financial institution afterwards widespread publicity well-nigh the matter.

OnlyFans was founded in 2022 and claims to accept more than 130 million registered users and two million creators.

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In 2022, Pornhub faced similar problems when PayPal withdrew services from the platform, preventing it from paying models. At the time, Pornhub turned to privacy-focused cryptocurrency Verge (XVG). Visa and Mastercard followed adjust in 2022 in shunning the earth'south biggest porn site, forcing farther reliance on crypto.