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Here Is What Pornhub Officially Integrating Tron (TRX) as a Payment Option Means for HODLers - Global Coin Report
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Here Is What Pornhub Officially Integrating Tron (TRX) as a Payment Option Means for HODLers

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Tron
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Less than one month ago, Pornhub announced that it would be accepting Tron (TRX) as a payment option on its adult website in addition to Verge (XVG) and ZenCash (ZEN). The response from many TRX holders was mixed. One side of the argument was a bit skeptical that their favorite coin was being associated with a porn website. The other side of the argument saw the bigger picture of TRX getting the exposure it needed from the porn industry that is known to be worth $97 Billion according to 2017 estimates. As a matter of fact, as soon as Pornhub announced it was accepting TRX, its advertising partner, TrafficJunky, followed suit.

Now the Tron Foundation has officially issued an announcement stating how you can pay for your Pornhub subscription using TRX. The step-by-step tutorial is available on their medium page

But what does this all mean for the TRX HODLers?

Let us get some numbers into this discussion so we can fathom how huge this is. Firstly, and earlier mentioned, the porn industry is worth a whopping $97 Billion. This means that TRX has penetrated this industry in an instant. Knowing how the adult film industry is quick to embrace emerging technologies, it is only a matter of time before we see other sites welcoming the payment of subscriptions using TRX. This then means additional demand for the digital asset as well as more liquidity for TRX in the markets as Pornhub users buy the digital asset from the numerous exchanges.

Another number to remember is that Pornhub has been reported to have up to 90+ Million unique visitors to the site on a daily basis. Let us say 1% decide to pay for subscriptions. This means we have 900,000 users who might pay using TRX or even observe that TRX is an option for payment. According to 2017 data, the visitors – in order of magnitude – are from the countries of the United States, United Kingdom, India, Japan, Canada, France, Germany, Australia, Italy, Brazil, and Mexico. This is free marketing for the coin right there and additional exposure for the Tron project across the globe. No other cryptocurrency has achieved this to our knowledge. TRX might be setting itself up for a Bull Run with this.

What about BitTorrent being utilized for file distribution on Pornhub?

Now, this is a big IF. So whatever we discuss here is pure speculation. But let us explore the limitless possibilities of a BitTorrent integration onto the Pornhub ecosystem through Tron. This means that distribution of films on the site will be made easier and more efficient making the porn site way ahead of the competition in terms of download and upload speeds.

Perhaps even the users of BitTorrent who will accept to have their machines online for the uploads and downloads of files onto their machines will be given TRX incentives. This is similar to how SiaCoin (SC) is working on distributed file sharing. You set aside a portion of your Hard Drive to Pornhub, you stake some TRX and get some TRX rewards. How cool would that be?

Summing it all up, the official addition of TRX as a payment option on the Pornhub website is a step in the right direction in terms of TRX adoption on a global scale. This addition provides the much needed increased visibility of TRX which will in turn increase demand for the digital asset. Once demand goes up, its value automatically goes up and probably leading to a top 5 finish of TRX in 2018.

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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.

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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crypto trends
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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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