The world's largest porn site Pornhub now accepts Tron and Zencash as payment methods for content. This is great news for these cryptocurrencies, as Pornhub is a huge business.
Tron was launched on the Ethereum blockchain in 2017, but soon after its launch it declared war on its predecessor. At the end of May, Tron switched to beta version of its own blockchain and on June 25 announced complete independence. According to coinmarketcap.com, the company is valued at approximately $2.5 billion, but this number has been rapidly decreasing since its transition to its own blockchain.
Pornhub will become a major market for Tron. In 2017, the site released statistics it had been collecting since 2007, and the numbers are impressive.
81 million visits per day (28.5 billion visits per year), 25 billion searches (that's 800 per second), about 68 years worth of pornography uploaded - every 5 minutes Pornhub processes more information than the New York Public Library in a month. Pornhub was acquired by MindGeek in 2010. According to Forbes, MindGeek owns 8 of the 10 largest porn sites.
Since the transition to the new blockchain, Tron has been trying to move in the right direction. In early July, the company acquired new software from BitTorrent. According to rumors, the deal was worth more than $100 million. This seems quite strange to some, because BitTorrent is a file hosting service with completely open source code. Recently, Indonesia's largest crypto exchange Indodax added Tron to its listings.
Zencash
Another cryptocurrency that Pornhub now accepts is Zencash, a fork of Zcash.
Zencash is a cryptocurrency focused on anonymity. The currency is very similar to its progenitor, but has several additional features, such as message encryption and security nodes. Currently, Zencash's market capitalization is $67 million (Zcash's capitalization is $682 million).
Earlier, in April, Pornhub began accepting the Verge cryptocurrency as a means of payment.
Traditional financial providers often refuse to service payments to porn sites, and users of such resources themselves are not very willing to reveal their identities. Therefore, the use of cryptocurrencies in this business direction is beneficial for all parties..
Pornhub VP Corey Price said: “Decentralized payment systems continue to grow in popularity, and digital payment adoption is on a whole new level. Cryptocurrencies are now more in demand than ever in the adult entertainment industry as they open up a new level of privacy.”.
According to financemagnates.com
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