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    Home » Crypto News » PornHub Adds Tron-Issued Tether (USDT) As Payment Option Following The PayPal Ban

    PornHub Adds Tron-Issued Tether (USDT) As Payment Option Following The PayPal Ban

    Author: Jordan Lyanchev

    Last Updated Jan 23, 2020 @ 12:00

    Pornhub, the popular adult website, has updated its payment methods and has added Tether (USDT) as an option. Just months after PayPal stopped supporting the platform, the cryptocurrency world introduces a viable alternative.

    TRON and USDT On Pornhub

    The adult platform announced that it had added the most-widely used stablecoin Tether (USDT) as a new payment option. The report clarifies that USDT is backed by the U.S. dollar, “meaning one USDT token is equal to one U.S. dollar.” Furthermore, it adds that USDT transactions “can be done globally within a few seconds, and there are no fees.”

    PornHub has also clarified that it would be using the USDT which is issued on TRON’s network. Hence, users can take advantage of cryptocurrency wallets that support TRON-based digital assets.

    TRON’s Founder and CEO, Justin Sun, also offered his views on the subject, saying that this is a “brilliant way to support the victims of centralized payment platforms like PayPal.”

    If you’re on @Pornhub, stop what you’re doing. #USDT is now an option for models on Pornhub! Pornhub is using USDT-TRON to support models seeking payment solutions. This is a brilliant way to support the victims of centralized payment platforms like PayPal. #TRON #TRX http://t.co/qwpMf0LgmS

    — Justin Sun (@justinsuntron) January 22, 2020

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    The announcement also indicates that PornHub is integrating Cosmo Payment as another payment option.

    PayPal Leaves PornHub

    As Sun mentioned in his tweet, Pornhub’s need for alternative payment options came last year. At that point, the most widely-used payment service, PayPal, decided to stop supporting the adult platform.

    Back then, the cryptocurrency community responded swiftly, suggesting that this is the opening that digital assets need to gain additional mass adoption by showcasing their benefits. Some of the most prominent proponents, including Sun and Binance’s CEO, Changpeng Zhao, outlined the opportunity.

    It’s worth noting that Verge (XVG) and a few other cryptocurrencies already served as payment options at that time. However, all digital asset transfers reflected less than 1% of all transactions.

    This might be changing soon with the most recent announcement from TRON and Tether. By using both, PornHub might indeed provide a sustainable alternative that can help the vast number of adult movie actors and website users.

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    Tags: PayPal Tether (USDT) Tron
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    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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