Earlier this year leading adult entertainment PornHub came in partnership with Verge and announced that it will accept XVG tokens as payment. And now another leading adult entertainment website VRPorn.com announced that it will accept Litecoin as currency for the premium subscriptions. Recently Playboy also announced that it would soon accept Vice Industry Tokens.
VR porn decided to go with Litecoin because of the cryptocurrency’s acceptance and liquidity. Its Chief Operating Officer Lisa Moore said,
“it’s hard to beat Litecoin when it comes to a large user base, liquidity, quick transactions, low fees, and a secure network. Litecoin is easily available from places like Coinbase, whereas many people would have trouble getting ahold of some of the lesser known coins.”
VRporn.com is the largest adult entertainment website when it comes to virtual reality experience. It has nearly thousand virtual experiences to choose from.
Moore also said that new and returning customers have actively begun to pay for content in Litecoin and the sales are up significantly.
After the partnership with PornHub, Verge has recently faced some security breaches. Moore believes that cryptocurrencies should have a strong underlying network to stay protected from such breaches, replied when asked about the selection of Litecoin.
Moore also said,
“I think there is room for lots of cryptocurrencies, just as there are various non-crypto payment methods available. Though things will likely tend towards a few big winners. Once one moves from fiat to crypto, the main hurdle has already been passed, since it’s relatively easy exchanging one crypto for another. So I’m just happy to see more and more sites adopting crypto, regardless of the particular coins involved.”
When it comes to challenges involved in the acceptance of cryptocurrencies in the adult industry Moore mentioned that especially in the adult industry it is easier to set up a crypto than it is to set up a credit card or Paypal as payment options.
VRPorn’s premium offerings are priced at $19.95 USD per a one-month subscription, or $7.95 USD per month for a one-year subscription. With the addition of Litecoin, payment options for the users are now Litecoin, by credit card, or through PayPal.