PornHub added the option to pay using the cryptocurrency Tether
|Marek Feder|source|275x
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PornHub added the option to pay using the cryptocurrency Tether

PornHub, one of the largest "adult content" platforms, has been associated with cryptocurrencies for a long time. It even accepts crypto payments in cryptocurrencies like TRON or Verge. Now, PornHub also accepts the largest and most widely used stablecoin - Tether (USDT), which is part of the TRON network. This allows all stakeholders to use wallets that support the digital assets of this network.

Those affected by PayPal's decision could use this option and pay in cryptocurrencies. PayPal decided to terminate its relationship with PornHub last November. It is estimated that this decision could have affected up to 100,000 users who relied on this payment method on PornHub.

The response from crypto-entrepreneurs was swift, as TRON’s creator, Justin Sun, but also the founder and CEO of Binance, Changpeng Zhao, immediately stated that it is now time to show their potential. In the latest tweet, Justin Sun also said that USDT will help “fight” against centralized payment systems such as PayPal. The implementation of Cosmo Payment, which is to be another payment option on this adult website, could also help.

Although the crypto payment option has been available on Pornhub for a long time, overall, TRON or Verge are only used in less than 1% of total transactions. One of the possible reasons may be the price volatility of the cryptocurrencies, which may deter people from using them. This is exactly the situation in which a USDT, which is tied to a dollar (1 USDT = 1 USD), could help. The cryptocurrency should not be subject to high volatility and should represent a much more stable payment option on this platform.


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