PornHub introduces support for a wide range of cryptocurrencies, after Visa and MasterCard ban it

 15. Dezember 2020      
 Bitcoin   

MasterCard and Visa have severed their relationship with PornHub: fortunately for the company, cryptocurrencies are much harder to censor

 

An article recently published in the New York Times has brought to light a burning truth: on PornHub, a popular streaming video platform for adults, content starring underage individuals was being published.

 

The report in question, ‚The Children of PornHub‘ written by columnist Nicholas Kristof, quickly spread across the web: PornHub reacted promptly, removing almost 10 million videos uploaded to the site by unverified accounts within a few days. Despite this, MasterCard and Visa decided to sever their ties with the company in order to avoid possible negative repercussions.

 

PornHub currently only supports payments by SEPA transfer. When you try to subscribe to the Premium service, the following message appears:

 

„Unfortunately, we are unable to accept credit cards at this time.“

 

Fortunately for PornHub, the platform currently also supports payments with a wide range of cryptocurrencies, which are much harder to censor: not just Verge (XVG) and PumaPay (PMA), but also Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Ethereum (ETH), Ethereum Classic (ETC), Monero (XMR), NEM (XEM), Tether (USDT), Tron (TRX), Waves (WAVES) and Zcash (ZEC).

 

The relationship between cryptocurrencies and adult entertainment is getting closer and closer. Satoshi Nakamoto himself, the legendary creator of Bitcoin, wrote back in 2010 that the porn industry would be one of the most likely to accept crypto payments:

 

„Bitcoin would be very useful for people who don’t have a credit card, or who have a credit card but don’t want to use it. Because they don’t want their spouse to see this transaction on their account, because they don’t trust giving their card number to a porn site, or because they fear potential periodic billing.“

 

In September 2018, PornHub revealed that less than 1% of purchases on the platform were made with digital currencies: now that credit cards have been banned, the adoption rate of crypto payments is sure to increase.