World’s Biggest Porn Site Pornhub Adds Tron, ZenCash as Payment Options

  • Pornhub, the world's largest porn site, has recently added Tron and ZenCash as payment options
  • The move reveals its partnership with Verge (XVG) wasn't exclusive.

Pornhub, the world’s biggest porn site, has recently added two new cryptocurrencies as payment methods: Tron’s TRX token and ZenCash (ZEC). A look at the website’s sales pages now shows a “use cryptocurrency” button, instead of “pay with Verge.”

The announcement reveals that MindGeek’s partnership with Verge (XVG) wasn’t exclusive, as opposed to what was initially revealed. A video published on Pornhub’s official YouTube account seemingly mocks the slogan used in its initial partnership with XVG. It’s titled “Pornhub and TRON (TRX): The Future Has Come… Again.”

Brazzers, another website owned by MindGeek, has also recently tweeted out that it accepts ZenCash and Tron’s TRX token, which implies the cryptocurrency’s founder Justin Sun might’ve secured a partnership with the company, without going through the crowdfunding effort the XVG community endured.

Notably Sun has also recently acquired BitTorrent, the company behind popular torrent client uTorrent, which claims to have over 170 million users. These deals are likely being made to expand Tron’s reach and legitimize it, as Pornhub claims it has over 90 million daily users.

According to Variety, Pornhub’s VP Corey Price stated:

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.

Corey Price

Tron’s price wasn’t positively affected by the announcement, as it’s down by 3.4 percent in the last 24-hour period, along with most other top cryptocurrencies. It’s currently trading at $0.038, according to CryptoCompare data.

Tron’s mission is to build a “truly decentralized internet and its infrastructure. The TRX token, according to its whitepaper, is set to be used to pay for content on the network. It was born as an ERC-20 token, and has recently launched its mainnet The cryptocurrency has recently made headlines after crypto derivatives exchange BitMex added TRX futures contracts “due to popular demand.”

Mindgeek’s websites aren’t the only ones in the adult industry accepting cryptocurrency payments. As covered, VRPorn.com quietly added Litecoin payments earlier this year.

XRP Leads Crypto Market With Highest Daily Gain (vs USD) Among Top 50 Cryptoassets

Siamak Masnavi

On Thursday (February 13), XRP is managing to do what very few cryptoassets among the top 50 (by market 50) are doing -- staying in the green.

According to data from CryptoCompare, at the time of writing (18:22 UTC), XRP is trading at $0.3292, up 9.51% in the past 24-hour period:

XRP-USD 24 Hour Chart on 13 Feb 2020 - part 2.png

Here are a few other facts and figures about XRP:

  • Liquid Market Cap: $9.43 billion
  • Reported Market Cap: $14.38 billion
  • 14.42%, 38.19%, and 68.10% gains vs USD in the past 7-day period, 30-day period, and year-to-date period respectively

XRP-USD 30 Day Chart on 13 Feb 2020.png

As for today's performance action, a gain of 9.51% for XRP-USD on its own might not sound very impressive in the highly volatile world of cryptoassets, but it looks a lot more impressive when you consider how some of the other major cryptoassets are doing today:

  • Bitcoin (BTC): $10,193 (-1.09%)
  • Ethereum (ETH): $267.81 (+1.13)
  • Bitcoin Cash (BCH): $467.41 (-1.85%)
  • EOS: $5.24 (-2.14%)
  • Tezos (XTZ): $3.22 (-4.39%)

In fact, out of the top 50 cryptoassets (by reported market cap), XRP is one of only twelve cryptoassets that have managed to stay in the green, and it is the one with the highest daily gain (vs USD) in the past 24-hour period.

On Tuesday (February 11), Grayscale Investments acknowledged increasingly popularity among both retail and institutional investors:

And yesterday (February 12), Binance.US called XRP "the future of banking remittance services":

Also, on the same day, popular crypto trader "The Wolf Of All Streets" said that he expected XRP to catch up with the other altcoins that have enjoyed strong rallies recently and that he expected a "blast off" (based on technical analysis of the XRP price charts):

 

Featured Image by "vjkombajn" via Pixabay.com