PornHub Models Seek Alternative Payment Method After PayPal Cuts Ties; Crypto Adoption Opportunity?

PayPal is no longer allowing users to pay on the popular adult website, PornHub.

URGENT: PayPal has stopped all Pornhub model payouts.

If you had PayPal as your payout method please change to direct deposit/SEPA, or payment by check in your settings. Read more here https://t.co/LQAKeMsHIu

— Pornhub Model Help & Updates (@PornhubHelp) November 14, 2019

According to the blog post, PayPal has abruptly stopped its support without any warning. This has resulted in affecting “over a hundred thousand performers who rely on them for their livelihoods.”

PayPal, however, has yet to go public to state why they made this decision.

For now, ProHub has asked the models to change the payment method to direct deposit/SEPA, or payment by check. Direct deposits are currently available for American and Canadian users.

Crypto is the Only Way to Go?

PornHub is now seeking alternatives and the cryptocurrency market believes digital assets are the best solution for the adult website.

Given that Bitcoin is censorship-resistant, the leading cryptocurrency does stand out as a better alternative to Paypal or any other form of payment.

However, PornHub isn’t new to cryptocurrencies. It already accepts payments in altcoins like Verge (XVG), ZenCash, and Tron (TRX). Recently, NetCents, a PornHub partner also added support for the third-largest cryptocurrency XRP.

But a report from last year revealed that cryptocurrencies account for “less than 1 percent of purchases made” on the platform and not the mass adoption crypto enthusiasts were expecting.

However, now with PayPal cutting its support, the site that attracts 28.5 billion visits might start seeing the “widespread adoption of cryptocurrency” as has been expected by the company in “the near future.”