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

  • Adult website PornHub that attracts 28.5 billion visits looking for alternative payment method
  • As PayPal cuts off support, the crypto industry sees the “opportunity”
  • PornHub already supports Verge (XVG), ZenCash, and Tron (TRX), it’s partner NetCents also support XRP

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

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.”

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AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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