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

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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