News

Top Adult Site Now Accepts Verge as Payment

0 Comments

Adult content site Pornhub  is now accepting the Verge cryptocurrency as payment. You now know why the price of the privacy-focussed currency spiked last week. The reason why this is a big deal is the fact that Pornhub is one of the most visited sites on the internet. It ranks 30th according to Alexa, just a few steps behind the likes of Twitch, LinkedIn and Netflix.

This is one of those moments where the anonymity feature of cryptocurrencies like Verge fit in very well with the needs of porn consumers who in most cases desire some privacy.

Verge

Pornhub is well aware of the volatility in the market. For now it will accept Verge for purchase of its premium package, HD, merchandising and on-demand services. Recurring subscriptions are not covered for now.

Verge Down 34%

While the news would ordinarily be expected to see a surge in the value of Verge, the cryptocurrency is down 34%, a day after the news was announced. Nevertheless, as this is a fairly solid use case scenario we can expect the price of Verge to gradually rise in the foreseeable future if indeed users utilise it on the site. Ideally, this would be the case unless of course there is a major disruption; like a ban of cryptocurrencies or porn.

Brazzers and Nataku, both affiliated with Pornhub will also be accepting Verge payments.

“Here at Pornhub, we have always strongly valued innovation and privacy. Over the past couple of years we’ve launched Virtual Reality (VR), to provide our users with the most immersive experience possible; a Bug Bounty program, which offers monetary rewards to security researchers for finding bugs on our platform; and HTTPS, to provide a more secure user experience. Our acceptance of Verge is an affirmation of our dedication to innovation and privacy, which recently has caused much concern and been at the forefront of all tech consumers’ minds,” VP Carey Price  said in a press release.

“We are extremely excited to offer our fans the ability to use crypto and think Verge, with its focus on anonymity, is the best option – whether for privacy, convenience or both!” Price said the decision to accept Verge partly stemmed from demands from customers. More cryptocurrencies may however be added in the future, she said.

Privacy Focussed Coin

Verge is an anonymity focussed website which uses Tor and I2P networks to achieve full anonymity.

“Pornhub is a global organization with nearly a hundred million daily users,” said Verge founder Justin Sunerok.

“This partnership represents an enormous market with a global reach that will compete with fiat currencies. It’s huge for Verge and we’re extremely excited to finally be able to announce it.” Verge said in a statement.

Verge has generally been defying the general downward trend in the market gaining about 160% on the last one month. A unit is now trading for $0.070 according to CoinMarketCap.

Leave a Reply

avatar
  Subscribe  
Notify of
close-link

Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Each investment is unique and involves unique risks.

CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.

Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.

When trading in stocks your capital is at risk.

Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.