Pornhub’s Premium Services Add XRP, BNB, USDC, and DOGE as Payment Options

One of the largest websites in the world, Pornhub, has added four new cryptoassets as payment options: XRP, Binance coin (BNB), Dogecoin (DOGE) ,and Centre’s USDC stablecoin. The coins can now be used to pay for its premium services.

According to TheBlock, Pornhub’s 120 million daily visitors can now use these four cryptoassets to pay on the website, along with 12 others cryptoassets that include TRON’s TRX, Ethereum’s ether, Bitcoin, Litecoin, XMR, Bitcoin Cash, WAVES, XVG, and USDT.

The website has reportedly removed Dash and the PumaPay token as payment options somewhere between mid-December and now. Pornhub now supports16 different cryptoassets for payment, but only in select countries including the United states and the United Kingdom.

In some countries in Europe, the website supports bank wires. Pornhub is well-known as the number one adult entertainment website, and according to data from SimilarWeb is the tenth-largest website in the world and recorded over 3.31 billion visits over the last six months. Estimates suggest traffic to the website surged with the COVID-19 pandemic and subsequent lockdowns throughout the world.

It has recently started defaulting users to cryptocurrency payments for its premium services after both Mastercard and Visa severed ties with the company. The credit card ban came after a New York Times column accused the website of hosting sexual videos of underage and nonconsenting women. 

While Pornhub refuted the allegations and said these were “irresponsible and flagrantly untrue,” Visa and Mastercard enforced a blockade on the company. Pornhub has since purged millions of videos from its platform, but no reports suggest the blockade hasn’t been lifted.

The website started accepting cryptocurrencies through a partnership with Verge (XVG) back in 2018, but later expanded to add various other cryptoassets, including TRX and ZEC. In September of last year, CryptoGlobe reported it started accepting BTC and LTC as a payment method.

Late last year, PayPal stopped letting Pornhub use its platform to process payments to pay models on its platform. It’s worth noting many cryptocurrency users have celebrated Pornhub turning to cryptocurrencies, as they believe adoption will rise as a result.

The non-profit  Electronic Frontier Foundation (EFF), on the other hand, criticized Visa and Mastercard for blocking Pornhub as these are the “wrong entities” to address the problems outlined on the New York Times column.

Featured image via Unsplash.

Source: Read Full Article