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Pornhub has adopted cryptocurrency payments, but less than 1% of its subscribers pay in encryption

Pornhub has adopted cryptocurrency payments for some time. However, less than 1% of the subscribers of the famous adult entertainment site make payments with cryptographic coins. The information was made public through a publication on the Hard Fork portal on September 28, when the company stated that after the implementation of the cryptographic payment system last April, via Verge (XVG), the expected results are not been obtained.

In this regard, Pornhub plans to collaborate with PumaPay, a cryptocurrency payment processor based on the Ethereum network (ETH) with the ability to accept its token, PumaPay (PMA), also as a means of payment.

While the official announcement on the partnership between Pornhub and PumaPay was made in August, up to now the payment function is not available on the platform. In this regard, the integration will take place in the first quarter of 2019, according to some rumors from PumaPay.

Regarding the cryptocurrency payments systems already implemented, Pornhub stated that only 1% of its premium subscribers pay with cryptocurrencies.

Pornhub has adopted cryptocurrency payments, but less than 1% of its subscribers pay in the accepted encryption

Pornhub has introduced payments with the Verge token (XVG) last April because the cryptocurrency focuses on privacy and anonymity, which is considered the most convenient and safe for this market, according to Corey Price, vice president of the famous platform entertainment for adults. Since then, Pornhub has also accepted TRON (TRX) and ZenCash (ZEN).

"Transactions with ZenCash and TRON will allow flexible billing practices and popular scenarios within the adult entertainment sector, namely, pay-per-use ensuring user anonymity, as well as high-speed and low transaction costs, "said Corey Price, Vice President at Pornhub.

At that time, Price again praised the profitability of criptos as a means of payment in the adult entertainment sector, adding that payments with these two tokens would be made through CoinPayments.

However, even if expectations were higher, less than 1% of Pornhub's subscribers pay for their membership in the cryptocurrency.

Jackson Bey

Jackson Bey was born and raised in Lethbridge Alberta, but moved east when he was 22. In addition to managing your own consulting firm. Jackson spends his time canoeing in the many lakes of Ontario. As a financial journalist, Jackson has published articles for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to the billionaire 365, Jackson primarily covers markets and trade.

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