pornhub

Pornhub Now Accepts Tether [USDT] As Website Begins To Tackle PayPal Pullout

January 23, 2020 by Akash Anand

Mass adoption of cryptocurrency has always been helped along by companies adding them to their fold. Pornhub, the largest entertainment website on the planet has turned out to be one of the most avid players in the cryptocurrency field.

Pornhub recently announced that they will be launching an array of payment options for its customers soon. These cryptocurrency payment options are expected to make purchases on the website easier and faster.

The adult entertainment website revealed that from January 24, 2020, onwards, the website will begin accepting USDT, Cosmo Payment as well as direct deposits. This was developed as a workaround Paypal’s decision to stop payouts to thousands of models in November 2019.

Pornhub claimed that the payments have to be fair and the integration of cryptocurrency will only make it faster and easier to conduct transactions. Pornhub had added TRX as a form of payment in 2018 and Justin Sun, the CEO of Tron lost no time in praising the website for its latest decision. Sun had tweeted:

“If you’re on @Pornhub , stop what you’re doing. #USDT is now an option for models on Pornhub! Pornhub is using USDT-TRON to support models seeking payment solutions. This is a brilliant way to support the victims of centralized payment platforms like PayPal. #TRON #TRX”

Pornhub stated that USDT was added to its roster because of how users can conduct transactions globally within a few seconds and free of cost. The USDT-Tron partnership was on full show here too, as Pornhub models can be paid securely through Tronlink. Tronlink is a popular Tron wallet that focuses majorly on security and the cryptocurrency’s infrastructure.

Once the Tronlink wallet is set up, all users need to do is to click on the ‘USDT’ option and then start transactions. Another payment method integrated by Pornhub was Cosmo Payment, a free and safe global access system. According to the Pornhub website:

“It’s [Cosmo Payments] free, safe, and offers global access, meaning you can withdraw from your local ATM machine, make online and in-store purchases wherever debit and credit cards are accepted, and view your bank statements online or with the Cardportal app.”

Pornhub also expanded its direct deposit spectrum to Australia and Puerto Rico. This latest feature only works if the user has an Australian or Puerto Rican address and if the bank account deals in AUD or USD.

The latest addition of cryptocurrencies comes after PayPal decided to completely stop paying the Pornhub models for the videos. This had caused quite a furor in the community as the decision was taken with no warning.

Several countries across the globe have asked payment services to not facilitate adult websites due to a string of problems. Some reports have shown that the money sent through adult websites such as Pornhub is sometimes redirected for malicious activities such as drug and human trafficking.

Cryptocurrency enthusiasts believe that adding a stablecoin to Pornhub would give the power back to the sender and the receiver. The community is now waiting for the transactions to take place so that they can track the real positive effect of capital movement outside of cryptocurrency exchanges.