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.

Justin Sun: TRON Aims to Get to 2,000 Dapps by the End of 2019

The head of the TRON Foundation, Justin Sun, has recently spoken about the cryptocurrency's ecosystem and about the development of decentralized applications (dApps) on it. Sun revealed TRON is looking to launch 2,000 dApps on its blockchain by the end of the year.

The TRON Foundation, an organization focused on the ongoing development of TRON (TRX), one of the largest platforms for building decentralized applications, has argued that price “instability” in the crypto market “creates a lot of skepticism about the long-term prospects of the blockchain industry.”

The organization explained in a blog post, posted on April 17, that “companies and institutional investors are sitting on the sidelines and not [using] blockchain or cryptocurrency as a form of payment because” of the extreme volatility of cryptoasset prices.

TRON-based USDT Will Help Stabilize Crypto Market

The Foundation’s recently published blog post revealed:

[High volatility in cryptocurrency prices] is a big reason why we need stablecoins on the TRON network. By implementing a [TRC-20 based] USDT on [the] TRON blockchain, we’re taking a [huge] step into a world representing stability — and into the world of decentralized finance.

The TRON Foundation’s management also noted that “users in [South] Korea will be able to quickly and efficiently transfer” USDT payments “back to relatives in Israel” or in other countries throughout the world. It added that “consumer electronics [manufacturers] will able to pay Asian suppliers and track the progress of their purchased goods every step of the way.”

More Trading Pairs For USDT Including BTT, TRX

Commenting on the Foundation’s decision to implement a TRC-20 based USDT stablecoin on the TRON network, Justin Sun remarked:

I think of USDT built on [the] TRON blockchain as a win for the blockchain industry and for our community. More people will be able to trade TRX, BitTorrent (BTT), and other TRC-based tokens through the TRC20 based USDT pair, creating liquidity. In turn, liquidity helps build confidence and trust that typically results in greater stability throughout the ecosystem.

As mentioned in the organization's blog, an “incentive plan to reward holders” of the TRON-based USDT token will be launched, “by airdropping super-attractive APRs over the first 100 days after launch.”

The incentive plan has been introduced in order to help “accelerate the transition from the USDT-Omni product” into a “more robust TRC-20 based USDT offering,” the TRON Foundation's blog stated. Going on to confirm that the TRON Foundation does not hold any user assets, the distributed ledger technology (DLT) development organization noted the funds are “safe and sound on [blockchain-enabled] exchanges and in individual wallets.”

Explaining why the introduction of the TRON-based USDT will help the cryptoasset ecosystem, Sun said:

As we introduce this new stablecoin, I ... firmly believe it will accelerate our push to be the leading platform for developers of dApps. We already have nearly 300 [dApps] on TRON in just a few months, and we aim to get to 2,000 by the end of this year. More people will be able to engage with these dApps as it’s a lot easier for people to understand and use a stablecoin in a consumer-facing use case.