NewsletterPornhub Adds USDT (Tether) Crypto Payments, after PayPal Pull-Out
Popular pornographic website, Pornhub, adds two new payments options, one of them is a crypto stablecoin with the sixth largest market capitalization in crypto-markets, USDT.
The models and actors on the website were recently cut-off from their PayPal payroll as it withdrew support from the site in November last year for regulatory compliance.
It seems like crypto have come to the rescue for the livelihood of the porn actors with the addition of USD-Tether payments. The twitter page of Pornhub reports,
Heads up Models! We just added USDT, @CosmoPayment& more to our Payment Method options! Click here for details: https://pornhub.com/blog/9381 #USDT #Cosmopayment
Tether stablecoin is the most liquid and largest stable-coin in the crypto ecosystem with a total market capitalization above $4.6 billion.
Tether is operational on OMNI, Ethereum, Tron, EOS and Liquid chain. The percentage allocation on the platforms is at 32.9%, 48.7%, 19.4%, respectively, with less than 1% allocation on EOS and Liquid Chain.
Countries have prohibited banking services from facilitating porn sites for long to counter human and drug trafficking. Nevertheless, the industry continues to thrive with a large number of sex workers in it.
Introduction of stablecoin payments which excludes the volatility aspect of cryptocurrencies could help in the growth of its adoption outside crypto exchanges. Currently, it is primarily used as a medium to hedge one’s value in FIAT on exchanges when trading cryptocurrencies.
Do you think that blockchain based stablecoins’ adoption would increase in 2020? Please share your views with us.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Eyes Fresh Demand as Indiana Advances Bill for Crypto Investments
- Crypto Bill Markup Unlikely This Month Amid DeFi, Stablecoin Yield and Conflict Disputes, Expert Says
- Breaking: U.S. PCE Inflation Rises To 2.8%, Bitcoin Climbs
- Michael Saylor Opposes Zcash-Style Privacy for Bitcoin, Citing Shutdown Risk
- Crypto Exchange Bitget Unveils Major GetAgent AI Overhaul With Faster Insights
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
- Is Cardano Price at Risk of a 50% Crash Ahead of the Midnight Launch?
- Chainlink Price Prediction as Reserves Pass 1M LINK – Is $20 Next?
- Ethereum Price Breaks Out of Falling Wedge: Next Target Now Set at $5K
- Is ZCash Price Set for a Bigger Rally After Its 10% Surge on the Bitget Listing?
- Aster Price Outlook as Buyback Wallet Burns 77.86M ASTER Worth $79.81M
