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PayPal Dropping PornHub Support is a Win for Cryptocurrency

PayPal stock price

PayPal, one of the most popular payment processing platforms in the world, has stopped supporting PornHub as one of its clients. This is a huge blow to models and content creators on the platform, as PayPal provided a great, private way for users to put money towards their favorite models.

“We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods,” reads a blog post from the company.

It’s unsure exactly why PayPal pulled out of the agreement for users, but there are those without access to bank accounts or other forms of donation that now cannot pay their favorite models. At least, they cannot do so with traditional methods.

From PayPal currency to cryptocurrency

As one user in the comments put it, cryptocurrency is a fantastic alternative method for participating in donations:

“A great excuse to get started with crypto currency if not already.”

As you may know, earlier last year, the Verge (XVG) cryptocurrency partnered with PornHub for users to pay models and others on the platform with. Verge is a privacy token that works somewhat similar to Bitcoin, only you can’t track people’s purchases thanks to its technology, despite most blockchain technologies being open source and transparent.

This, fantastically for the cryptocurrency community, means that more people very well may head towards using Verge to pay their favorite models and content creators on PornHub. Not only is this an easy way for them to pay people across the planet near-instantly, but they can also do so with cheaper fees and much more securely.

Of course, because other cryptocurrencies are much more open, it would be interesting to see which are more widely adopted on different platforms as compared to privacy tokens like Verge on PornHub.

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Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/