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Porn and Cryptocurrencies, a Bad Combination

In April, 2018, Pornhub, one of the most popular porn sites on the network, announced that users could buy a premium subscription with cryptocurrencies.

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In April, 2018, Pornhub, one of the most popular porn sites on the network, announced that users could buy a premium subscription with cryptocurrencies. This announcement generated a significant shock, after all, real transactions with cryptocurrencies are not very common.

“Pornhub integrated payment with cryptocurrencies in April, but less than 1% of subscribers use this payment method.”

But six months later, it seems that consumers of pornography have not surrendered to the charms of the payment powered by the blockchain. Pornhub has revealed that cryptocurrencies accumulate less than 1% of total premium subscription purchases.

Pornhub does not provide data on the number of users that use the premium service, but the website accumulated an impressive 28.5 million visits last year. The reason for the low setting of payment with crypts is, obviously, that it is still a technology unknown to the general public.

In fact, from Pornhub they are optimistic about the blockchain and cryptocurrencies. A spokesperson for the site said: “They expect to see a large-scale use of cryptocurrencies and the blockchain” on their website in the “near future”.

The crypts accepted by Pornhub are: TRON, Verge and Horizen (previously called ZenCash, but changed its name after a computer attack). The website also hopes to implement a system based on Ethereum (one of the most popular cryptocurrencies) starting in 2019.

The idea of ​​the use of cryptocurrencies on the page is born from the privacy and anonymity that they give. The consumption of porn is considered taboo by many people, and a receipt in the name of “Pornhub” in the banking movements can be something that many people do not want to see. In any case, users prefer more traditional payment methods before opting for cryptocurrencies. At least, at the moment.

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