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Home News Altcoin News Pornhub launches payments in stablecoin Tether

Pornhub launches payments in stablecoin Tether

With the growing popularity of cryptocurrencies, the number of platforms and stores that support payments using them is also increasing. Another market giant – Pornhub has joined this list – a company offering high-quality video content for adults. Can cooperation with such a huge portal increase social trust in cryptocurrencies?

Salary in stablecoins

Pornhub is a website that allows publishing and watching pornographic films of varying quality – from amateur to professional, so-called “premium”. Thanks to the affiliate program, every user can become a “model” – that is, post the video they recorded and make money from it. Profits can be derived from several sources, including paid advertising, film sales or competitions organized by the portal. Actors can also get a tip from a “fan”.
On November 14, 2019, PayPal – an American online payment company – refused to cooperate with Pornhub, suspending all payments from the site. By this decision, over one hundred thousand porn actors were cut off from their earned funds. The solutions appeared to be cryptocurrency – to be more specific, introduced earlier this year partnership with Tron and Horizon. Thanks to this option, users in difficult situations could quickly transfer their money.

An opportunity for cryptocurrencies

PayPal’s controversial decision was seen by many as an opportunity to increase the amount of cryptocurrencies supported by Pornhub. The initial assumption became a reality yesterday, when porn site officially announced support for stablecoin Tether (USDT). Transactions will be processed using the TRONLink wallet.
Tether is stablecoin – that means, it is protected by material goods (e.g. gold, silver) and its value is constant – it is exactly $1. The introduction of such a solution may encourage more actors to transfer funds using cryptocurrencies. The advantage of the virtual currency is also the fact, that sending money via Tether takes much less time than traditional transfers.

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