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.

Iran to Unveil a Central Bank Authorized Gold-Backed Cryptocurrency

An official from Iran’s Chamber of Commerce, Industries, Mines, and Agriculture has recently claimed the country is soon set to unveil a gold-backed cryptocurrency that’ll be mined under the central bank’s permission.

The official Shahab Javanmardi, claimed that the cryptocurrency will be mined through an agreement between the Central Bank of Iran and a consortium of private IT firms in the country. Javanmardi was quoted as saying:

The Iranian cryptocurrency is backed by gold but its function is similar to foreign rivals. The domestically encrypted money is to ease optimal use of Iranian banks’ frozen resources.

The official urged, according to local news outlet Mehr, the government to regularize the country’s cryptocurrency mining industry. The country, as covered, has been cracking down on cryptocurrency mining over the past few weeks.

In late June authorities in the country seized 1,000 bitcoin mining rigs claiming they were disrupting the electrical grid, and earlier this month a Central Bank of Iran official announced “all cryptocurrency-related activities are forbidden in Iran,” the news outlet claimed.

Earlier this year, it was revealed four Iranian banks were working with a company called Ghoghnoos to produce a cryptocurrency-based payment system. The cryptocurrency, called ‘PayMon’ is a gold-backed token based on the Stellar Lumens (XLM) network.

The cryptocurrency’s goal, according to an interview the founder of Iranian blockchain company ArzDigital did with Sputnik, is to provide a way for the country to trade around U.S.-sponsored sanctions, which have been increasing under President Trump’s administration.

The company’s founder, Hamid Reza Shaabani, added at the time details weren’t yet clear, but PayMon would be mostly traded by “special exchange offices” and that “token holders can receive gold, but the details are not clear yet.”