Pornhub, the largest pornographic-video platform in the world, is set to integrate Tron.
In April, CCN reported that Verge, a privacy-focused cryptocurrency, disclosed its strategic partnership with Pornhub, with the announcement made by Pornhub vice president Corey Price, who stated:
“The volatility of crypto is concerning for subscriptions with recurring payments. As such, at present, we aren’t offering it for recurring payments, though we are in the process of working to do so. Our services have fixed prices in fiat so the value in cryptocurrency will change”.
Nature of Pornhub-Verge Partnership
The initial partnership led investors to ponder about the nature of the Pornhub-Verge partnership and the motive behind the listing given that contrary to the optimism of Pornhub towards the cryptocurrency market, the platform has not integrated any of the major cryptocurrencies like bitcoin, Ethereum, Ripple, and Bitcoin Cash.
More to that, if privacy was the main concern of Pornhub, it would have considered Monero, Zcash, and Dash, three anonymous cryptocurrencies with longer track records, more active developer communities, and bigger userbases ahead of Verge.
The controversial partnership between Verge and Pornhub triggered rumors that the developers of Verge paid the pornographic platform a significant sum of money to have its token listed on the site. While the Verge team has not disclosed the intricacies of the partnership, the community assumed that Verge had to incentivize the Pornhub team in some way to have its cryptocurrency listed on the platform.
This week, according to Variety, Pornhub has revealed that it is listing Tron and ZenCash next. Following its listing of Verge. Justin Sun, the CEO of Tron, said that it has secured an exclusive deal with Pornhub to expose it 90 million users to Tron, which recently launched its mainnet.
Price, the vice president of the company, said:
“Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum. Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.”
Based on the statement of Price, the supposed motive of the Pornhub team in integrating cryptocurrencies is to leverage the anonymous and privacy-centric nature of digital assets. However, Tron and ZenCash are not privacy-focused cryptocurrencies, and the company has not listed the most widely utilized three anonymous cryptocurrencies in the market.
More to that, the belief of Pornhub in the potential of cryptocurrency and the adoption of digital assets contradicts its decision to list digital assets with significantly less adoption in contrast to major digital assets like bitcoin and Ethereum. If the primary concern of Pornhub was to increase the adoption of cryptocurrencies, it would have listed digital assets with active communities and userbases.
Pornhub Wants to List Digital Assets That Pay a Lot of Money
Based on its listing of Verge, Tron, and ZenCash, three cryptocurrencies that are less than a year old and have limited userbases, it is evident that the platform is only willing to list and integrate cryptocurrencies that are willing to pay the platform a significant sum of money to process its payments in digital assets.
AUTHOR:Joseph Young
Hong Kong-Based Finance and Cryptocurrency Analyst / Writer. Contributing regularly to CCN and Hacked. Offering cryptocurrency news and Insights Into Asian Market (South Korea, Japan, and more).
SOURCE:https://www.ccn.com/whats-the-motive-behind-pornhubs-listing-of-verge-and-now-tron/