Tron (TRX): Pornhub to accept the cryptocurrency as payment option

(TRX) just completed its token migration and is finally Independent. While it’s looking forward to some good days, the pornography industry showed interest in Tron and Pornhub would be accepting the cryptocurrency as the payment option.

For those aren’t aware, Pornhub is one of the biggest pornographic-video sites in the world and expanding its cryptocurrency-payment options. Not just Tron, the pornography site even plans to provide its users with the ability to pay with ZenCash. Both the cryptocurrencies were launched in 2017 and adding ZenCash and Tron currencies would allow the users to use it as payment methods for Pornhub purchases, premium streaming service, its traffic and also advertising network.

See also:  Super Representative’s election manifesto — Team Tronman

This comes soon after it announced that the site will be the Verge. The cryptocurrency that allows anonymous transactions by obscuring the locations of the users and IP addresses. According to Variety, Pornhub VP Corey Price said in a statement, “Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum…Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.”

Pornhub claims to have over 90 million daily users, and its partnership with Tron will help the cryptocurrency to build a base. Prior to the migration, Tron hit the headlines for acquiring file-sharing software company BitTorrent. A well-thought step taken by the founder Justin Sun to expand the reach of the cryptocurrency. Reportedly, Sun bought BitTorrent for $118 million in cash.

TRX Market Performance

Tron token TRX is one of the fastest-growing cryptocurrencies in the market. However, it remains dwarfed by widely popular coins Bitcoin and Ethereum. These cryptocurrencies remain extremely volatile. Three weeks ago, the market cap was more than $4 billion. Currently, it is at about $2.5 billion. Recently, Tron burned 1 billion coins and hopes that it would prompt the price to rise. The whole idea of coin burn is to reduce the total supply. With this, the number of coins will decrease but the demand will be the same which might make the price rise.

Image via Shutterstock

Join our Telegram group

BCFocus