PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
Over a year ago, PayPal said that it had stopped payment support to PornHub's models after it found the adult entertainment website made certain payments without the permission of the payment processor. This was a major blow to performers / entertainers on PornHub as it eliminated a form a payment because many of the performers / entertainers didn’t have bank accounts.
Binance’s CEO Chanpeng Zhao said that it was an opportunity for the cryptocurrency industry to get involved. Verge spiked in price as Verge was one of Pornhub’s official payment channels.
As cryptocurrencies seek mass adoption, the performs / entertainers on Pornhub now have a lot more options with regards to getting paid.
Adult entertainment website Pornhub, which last month was booted off mainstream payment networks, is now accepting payment in a cryptocurrency others are shunning: XRP.
Along with XRP the massive video site began taking payments in USDC stablecoins sometime in the past month, according to The Block. Also being accepted for payment now are dogecoin (DOGE) and binance coin (BNB), bringing the total number of cryptocurrencies accepted for payment for Pornhub premium subscriptions to 16.
At the end of the day, we all have to eat. Cryptocurrenices are breaking down all type of barriers, even in the adult entertainment world.