TRON and ZenCash Added As Payment Methods for Pornhub

TRON and ZenCash Added As Payment Methods for Pornhub

Pornhub announced the addition of TRON (TRX) along with ZenCash (ZEN) as payment options for its popular adult entertainment site.

Despite its June 24, 2018, mainnet launch, TRON’s recent price action has been relatively stagnant. The June 27 announcement, however, seemed to spur on an hour-long buy rally.

After the addition of privacy coin Verge in April 2018, Pornhub’s latest move will see a total of three cryptocurrencies accepted on the pornography site — which experienced 28.5 billion visits in 2017. TRX and ZEN will also be payment methods acceptable for Pornhub purchases and streaming, in addition to the site’s traffic and advertising network.

The coin trio will also be accepted on 13 additional adult-oriented sites owned by MindGeek — the parent company of Pornhub.

Citing the need to adhere to the “growing payment preferences” of its customers and community members, Pornhub Vice President Corey Price pointed to the advantages of cryptocurrencies over fiat:

“Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum. Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.”

Pornhub may recognize the suitability of cryptocurrency for enabling privacy for users, yet the selection of TRON may puzzle some. Where ZenCash and Verge may be held up as privacy coins — which typically mask transaction data and addresses — TRON has not yet implemented any method to make transactions private.

TRON: Spreading its Wings?

TRON Founder Justin Sun Set to Acquire µTorrent, BitTorrent, Inc.
Related: TRON Founder Justin Sun Set to Acquire µTorrent, BitTorrent, Inc.

Having recently acquired BitTorrent, TRON founder Justin Sun appears to be casting a wide net for TRX usage. As a leading peer-to-peer file sharing platform, BitTorrent may offer TRON significant exposure should the cryptocurrency be integrated. Addressing question marks over the BitTorrent-Tron collaboration, Sun told Huobi Talk:

“Regarding how we can unite with BitTorrent, I will keep it secret first. In July, we will have some activities with bittorrent, please pay attention to that, thank you.”

TRON | TRX

Updated: Aug 18 at 9:51 pm PDT
$0.04
-1.12%

TRON, currently ranked #11 by market cap, is down 1.12% over the past 24 hours. TRX has a market cap of $2.54B with a 24 hour volume of $98.87M.

Chart by CryptoCompare

TRON is down 1.12% over the past 24 hours.

Cover Photo by Maru Lombardo on Unsplash

Filed Under: Adoption, Altcoins, Price Watch, Tron
Jonnie Emsley

Jonnie Emsley is a freelance writer and blockchain enthusiast based in Ho Chi Minh City, Vietnam. Discovering new corners of Southeast Asia and emerging cryptocurrencies give him a buzz like none other.

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