Pornhub Adds Two More Cryptocurrencies As Payment Options for Premium Subscriptions

The popular adult entertainment website Pornhub has been accepting cryptocurrencies since 2018 and has now added Bitcoin (BTC) and Litecoin (LTC) to its payment options.

“To further expand our cryptocurrency options for Pornhub Premium, we’re excited to announce that we now accept Bitcoin & Litecoin as payment methods!” tweeted Ponrhub Premium.

Pornhub’s foray into cryptocurrency started with Verge (XVG) cryptocurrency in April 2018, following which the adult entertainment giant added support for Horizen (ZEN) and Tron (TRX) for its premium subscription.

In January this year, Tether (USDT) stablecoin was also added to the platform after PayPal abruptly withdrew service to Pornhub in November 2019.

Back in March, the company executive shared that about 10% of its performers are choosing to be paid in crypto through its Model Payment Program, Modelhub. However, the percentage of subscription payments made in crypto isn’t seeing much growth as it accounted for less than 1% of purchases made on the platform in Sept. 2018.

A couple of months back, Pornhub vice president Corey Price said in an interview that the crypto growth since introducing it as a payment option (after PayPal cut ties) has been steady. Moreover, anonymity benefits combined with high speed and low cost of transactions make digital currencies viable in the industry.

The company that saw a total of 42 billion visits in 2019 has also hired a crypto expert for its business development team.

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Author: AnTy

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