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Pornhub Expands Crypto List to Welcome TRON (TRX) and ZenCash (ZEN)

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Pornhub, the 14th biggest website in the US, and 30th biggest website in the world has decided to expand its list of cryptos that can be used as a payment option. In addition to opening up to Verge earlier this year, one of the biggest Porn sites on the internet will now also accept TRON (TRX) and ZenCash (ZEN).

Pornhub adds two new cryptos as payment options

Pornhub is among the biggest websites on the Internet right now, with over 90 million users per day. This huge user base has recently got an option to pay for the site’s services via cryptocurrencies, after Pornhub entered a partnership with Verge back in April 2018.

Now, the company is looking to add more cryptos as payment options, and one of their choices includes TRON (TRX) and ZenCash (ZEN). TRON has experienced a lot of changes lately, with its founder, Justin Sun, continuing on the path that will lead this crypto to greatness. Thanks to Sun’s efforts, TRON has recently launched its MainNet, completed the token migration from Ethereum’s network to its own, and has even had the time to celebrate its Independence Day.

However, Sun’s ambition goes far beyond only that, and the founder of TRON simply doesn’t allow himself a moment of peace. Instead, he purchased BitTorrent for $118 million only days ago and has now managed to establish a partnership with Pornhub as well.

With the new partnership, TRON’s community, which is already extremely big, is only expected to increase even more.

Pornhub’s decision to add new cryptos comes as small surprise, considering that it already added its first one only a few months ago. The company has been known not to shy away from the new tech, and the acceptance of the three cryptos will make it active in the crypto market.

When it comes to Verge, it is a crypto dedicated to anonymity and untraceable transactions. TRON is a digital currency with focus on entertainment. And then, there is ZenCash, which also has a strong focus on online privacy and anonymous transactions that cannot be tracked.

Cryptos are popular and privacy-focused

Pornhub’s VP, Corey Price, stated that the decision was made partially due to the increase in popularity when it comes to decentralized payment systems. Due to their nature, cryptos match the needs of adult entertainment perfectly, since they provide privacy and anonymity to their users.

The decision to go for TRX and ZEN might have taken some crypto enthusiasts by surprise, considering that both of them are relatively new to the crypto world. Still, both are definitely rising coins, with TRX being at $0.0388 and a daily trading volume of more than $100 million. ZEN, on the other hand, is priced at $16.22. Its market cap is at $67 million, which is significantly less than TRON’s $2.5 billion, but both coins have their own strengths and advantages.

In the end, both are strong cryptos, that will only get stronger thanks to moves like this. If nothing else, they will definitely gain more exposure, and possibly even more users. In the meanwhile, the crypto-conquering continues with each new partnership like this, and the digital coins are entering more and more businesses with each passing day.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Thomas Hawk via Flickr

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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