Pornhub accepts payments in USDT
Pornhub accepts payments in USDT
Stable Coin

Pornhub accepts payments in USDT

By Marco Cavicchioli - 23 Jan 2020

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Pornhub has officially announced that it has added Tether dollar (USDT) to its payment methods

The official post on the website states that, after PayPal’s choice two months ago to block payments to the well-known adult video platform, a decision was made to look for new payment options with a view to making payments easier. 

It is, therefore, no coincidence that they chose to add Tether dollar to their payment options. In fact, Pornhub explains that USDT is a cryptocurrency anchored to the US dollar, which means that a USDT token is worth as much as a US dollar. In addition, USDT transactions can be executed from anywhere in the world in seconds, without commission. 

The token used is the one on TRON’s blockchain, with which Pornhub has partnered, and the recommended wallet for making USDT payments is TRONlink

It should be remembered that USDT is a stablecoin token available in various formats on several blockchains, namely ERC20 on Ethereum’s blockchain and TRC20 on TRON’s blockchain, among others. 

Obviously, in order to make payments in USDT on Pornhub, it is first necessary to get USDT tokens in TRC20 format. 

The use of stablecoins, especially those pegged to the value of the US dollar, as an alternative to fiat currencies to make online payments could grow a lot in the future, especially in those sectors or areas where fiat transactions can be problematic. 

In fact, there are many countries where fiat currencies are particularly depreciated and so it is preferable to use other more stable fiat currencies, such as the US dollar. There are also some areas where anonymity is particularly appreciated when it comes to making payments. 

Stablecoin tokens anchored to the value of the US dollar, such as USDT or DAI, have the double advantage of being able to be used as cryptocurrencies, anonymously, freely and globally, without obstacles or restrictions and with a good level of privacy protection, while on the other hand they also have the additional advantage of having a decidedly low volatile value. 

As such, they can be very competitive as alternatives to fiat currencies for payments, since it is as if they have all the advantages of the very same fiat currencies, but without the disadvantages due to the restrictions and obstacles that one often encounters inevitably in certain areas, and without requiring the cumbersome procedures of identity verification, except at the time of the conversion from fiat to token. 

In short, the choice of Pornhub might become very popular.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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