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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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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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Altcoins

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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