Pornhub Adds Support For USDT Payments After PayPal Snub

By Kapil Gauhar

One of the world’s largest payment merchants, PayPal delivered a sharp blow to the adult entertainment industry in 2019 after it blocked all transactions indefinitely associated with PornHub as well as their contracted performers. This was the step that compromised the livelihood as well as a revenue stream of over 1,00,000 adult film actors.

Though it has been months since these steps were taken, yet it would look as if the world’s largest adult entertainment site finally has a solution to the exigency of thousands.

As indicated by a recent blog published by the entertainment website itself, the site has added two new payout options including Tether (USDT) and Cosmo. PornHub also shared the declaration on its Twitter handle.

Where the idea of using digital currencies as payout options is not new, a campaign to have sites like PornHub use digital currencies to gather a lot of steam with PayPal snub. The site dependably supports the use of Verge cryptocurrency as a payout option.

The blog post reads –

“USDT transactions can be done globally within a few seconds, and there are no fees. Since USDT and TRON blockchain have partnered up, we can now pay Models securely through TRONlink, a cryptocurrency wallet.”

The introduction of USDT, a stablecoin, is wonderful since different from other digital currencies like Bitcoin or Ethereum, Tether (USDT) is not exposed to price swings.

USDT too is one of the world’s largest digital assets with a total market capitalization of over $4.5 billion. Tether is operational on several chains like Liquid, OMNI, and Ethereum, which make it a feasible choice to facilitate payments across the globe.

Also, the website added Cosmo Payment options to its platform, while allocating global access as well as easily withdrawals via local ATM machines, in-store purchases as well as online.

However, it is too soon to say if any more digital currencies would be accepted by PornHub in the future. Whatever may be the case, digital currencies are trying to fill the void PayPal left.

Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.

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