Pornhub, the world’s biggest porn site, will soon accept two additional cryptocurrencies. The announcement to add Tron and ZenCash to the already accepted cryptocurrency Verge marks a huge success for the attempt to establish cryptocurrencies as a mainstream payment system.
Pornhub announced that it will soon be possible to pay services on the tube site with Tron, a cryptocurrency launched by Justin Sun, a Chinese tech-investor with a zest for disruption. Sun recently bought the file-sharing pioneer BitTorrent for nearly $120 million. While BitTorrent was initially mainly used for sharing pirated material the company managed to create a legitimate business arm. Now Sun wants to use BitTorrent’s popular P2P technology and global reach to gain momentum for Tron. In combination with the new cooperation with Pornhub Tron has the potential to immediately become an important player in consumer targeted cryptocurrencies.
According to Pornhub, the site has 90 million users per day and while hugely profitable payment processing remains one of the biggest and most expensive obstacles in porn. New and easy to use payment options are always welcome in the industry. That might be the reason why so many new cryptocurrencies are being launched this year. And this is also the reason why Pornhub additionally plans to enable its user base to pay with ZenCash.
Corey Price, Vice-President at Pornhub, released a statement commenting on the announcement: »Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum. Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.«
The cryptocurrencies will be accepted for all Pornhub services. That includes Pornhub Premium for consumers as well as B2B transactions within the site’s ad network.