Wednesday, February 24, 2021

Pornhub Now Accepts Bitcoin (BTC) and Litecoin (LTC) As Means of Payment

According to a report credited to Cointelegraph, Pornhub, the leading adult entertainment platform, is now accepting the largest and third-largest cryptocurrency by market capitalization, Bitcoin (BTC) and Litecoin (LTC) as means of payment for its premium services.

Since 2018, Verge (XVG) has been the choice of payment for the entertainment behemoth. It later added several other digital currencies. But just decided to accept the strongholds of the cryptocurrency ecosystem.

Reacting to the new development in a press release, vice president at Pornhub, Corey Price, said:

“As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer two widely-used and leading digital currencies for our users. Our team continues to pave the way for tech development, testing and implementing new technology for everyday consumers far ahead of the mainstream market.”

In 2007, the arguably largest adult entertainment website, Pornhub, was established in Montreal, Canada, relatively a year before the emergence of Bitcoin (BTC). According to Alexa website ranking, Pornhub is the 56th most visited website in the world, with about 3 billion monthly visitors.

Even before the emergence of Bitcoin and other cryptocurrencies, many cypherpunks already believed that porn will be an early adopter of decentralized digital currencies, with no government’s interference. The creator of Bitcoin, Satoshi Nakamoto also gave similar opinions back in 2010:

“Bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have, either don’t want the spouse to see it on the bill or don’t trust giving their number to “porn guys”, or afraid of recurring billing.”

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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