CZ invites Pornhub to adopt crypto payments after the blockage of PayPal
Crypto

CZ invites Pornhub to adopt crypto payments after the blockage of PayPal

By Stefania Stimolo - 14 Nov 2019

Chevron down

A few hours ago, the Canadian website Pornhub announced that it had been blocked for payments from PayPal and CZ, CEO of Binance, the world’s first crypto exchange for business volume, intervened by proposing payments in crypto.

PornHub, in fact, after this block, invited users to select and set up new payment methods on their profiles. 

The news seems to have been seized by Changpeng Zhao, who suggested to his community on Twitter the idea of being able to introduce cryptocurrencies on the Pornhub site as a payment method.

“Sounds like an opportunity for crypto?”

TRON’s CEO, Justin Sun, also commented on the matter, pointing out that the platform already accepts TRON TRX but, considering the block by PayPal, it might be worth looking at adding support for Tether based on the TRON blockchain, namely TRC20-USDT

It is not a novelty, in fact, that last year Pornhub already signed agreements for the use of some crypto on its platform, such as TRON, Verge and ZenCash, registering at that time usage rates of 1%. 

However, the current situation is quite different. With the block of all payments by the giant PayPal on PornHub, in addition to affecting users, there are also well over one hundred thousand artists who have relied on PayPal for their livelihoods.

In this respect, the platform claims to be in a critical state at the moment, as PayPal was probably one of the most used payment methods on PornHub.

A moment of resilience for PornHub that could find the right answer in crypto payments that, although volatile, remain certain of their permanence. 

Not only Binance

After CZ, also Paolo Ardoino, CTO of Bitfinex, intervened to promote the cause of crypto payments, obviously citing also the new Tether Gold, which is the new stablecoin of Bitfinex pegged to the price of gold.

 

Stefania Stimolo
Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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