Pornhub Adopted Cryptocurrency Payments But Less Than 1% Of Its Subscribers Pay In Crypto

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

In this regard, the Pornhub plans to team up with PumaPay, a cryptocurrency payment processor based on the Ethereum (ETH) network with the possibility of accepting its token, PumaPay (PMA), as a means of payment, too.

While the official announcement about the partnership between Pornhub and PumaPay was made in August, until now the payment function is not available on the platform. In this regard, the integration will take place in Q1 2019, according to some rumors coming from PumaPay.

As regarding the already-implemented cryptocurrency payments systems, Pornhub said that only 1% of its premium subscribers pay with cryptocurrencies.

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

Pornhub introduced payments with the Verge (XVG) token 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, the vice president of the famous adult entertainment platform. Since then, Pornhub also accepted TRON (TRX) and ZenCash (ZEN).

“Transactions with ZenCash and TRON will allow for flexible billing practices and popular scenarios within the adult entertainment industry, i.e., pay-per-use while ensuring user anonymity, as well as high speed and low transaction costs,” said Corey Price, Vice President at Pornhub.

At that time, Price again exalted the viability of cryptos as a means of payment in the adult entertainment industry, adding that payments with these two tokens would be made through CoinPayments.

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

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About the Author: Anna Galvez

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