Shocking Pornhub Report Reveals Crypto Subscriptions Account For Less Than 1% Of Its Users

Adult entertainment leaders Pornhub had made waves this April when they revealed that users can buy a premium subscription with cryptocurrency, starting with privacy-focused Verge coins. But despite all the buzz the announcement generated, it seems pornography viewers hardly care about this mode of payment.

TheNextWeb has reported that Pornhub revealed that cryptocurrencies currently account for “less than 1% of purchases made” on the platform. However, this didn’t stop the adult entertainment giants from being hopeful about the technology. “We expect to see widespread adoption of crypto and blockchain on our site in the near future,” a spokesperson says.

Currently, Pornhub lets users purchase premium subscriptions with cryptocurrency. While the company initially introduced crypto-payments with Verge token, it has since opened its suite of currencies with TRON, and ZenCash.

The company also proposes to implement Ethereum-based payment processor PumaPay in the near future. PumaPay maintains the alliance will go live in the first quarter of 2019.

Initially, the integration of cryptos on the platform was for user privacy and security. ZenCash and Verge come with built-in anonymity, however, both have dealt with technical difficulties, having to fend off 51% attacks earlier this year. It’s not clear how the accretion of TRON benefits the overall user experience. As far as PumaPay goes, Pornhub says it chose solution because of its flexible billing capabilities, which include recurring payments and pay-per-use.

It is clear that Pornhub is way ahead of the curve when it comes to cryptos. A reason for few crypto-based subscribers might be the limited collection of coins that they admit. If the firm would accept popular coins like BTC, ETH or BCH, we would have definitely seen a number of crypto-based subscribers.

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