Pornhub Includes Tether as a Payment Option via TRON wallet
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Pornhub Includes Tether as a Payment Option via TRON wallet

January 23, 2020      Sandeep Kumar Mishra

Adult entertainment site Pornhub has included Tether stablecoin as one of its payment options. Making the announcement on Wednesday, Pornhub revealed that it would use the TRON Wallet for the USDT transactions. The surprise inclusion has come barely two months after PayPal abruptly stopped catering its services to the adult site in November.

Decision Motivated by PayPal’s Retreat: Pornhub

While making the announcement, PayPal also said they were trying to offer its subscribers more payment options ever since PayPal decided to stop its services to thousands of its subscribers two months ago. The site added that payment through Tether is free of cost. Pornhub further said that users could carry out USDT transactions within a matter of a few seconds.

Justin Sun’s Views

The CEO of TRON, Justin Sun, lauded Pornhub’s decision to include USDT via Tron wallet. He said that Pornhub’s decision was an ingenious way of supporting the victims of centralized payment platforms like PayPal. The site has also added privacy-oriented coin Verge (XVG) as its payment option since April 2018.

PayPal’s Decision to Stop Payments to Pornhub

In November last year, payments processing giant PayPal had abruptly cut off its services for the adult entertainment site. Later, in a blog post, Pornhub spoke out against PayPal’s decision and expressed their shock. PayPal added that it would impact the lives of many people as thousands of performers on the website relied on these payments for their livelihoods.

The whole episode, however, led to many arguments and counter-arguments. Responding to Porhub’s reaction, a PayPal spokesperson said that Pornhub had made a few business payments without seeking their permission. Thus, their decision to stop their payment services for the site’s subscribers was to prevent the execution of such transactions. Incidentally, PayPal had also left Facebook’s ambitious project Libra to focus on its financial services.

In light of the recent events, the inclusion of USDT as a payment option would act as a respite for both Pornhub ad its subscribers.

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Sandeep Kumar Mishra
Sandeep Kumar Mishra

Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.