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Pornhub Not Faithful to Verge (XVG), Now Accepts Tron (TRX)

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The world of business is all about partnerships and networking with other businesses for the shared common goal of making business profits. This can be accomplished by making the customer experience more efficient as with the case of Pornhub partnering with Verge (XVG) a while back. The same Pornhub recently announced that it will now be accepting Tron (TRX) as a form of payment for subscriptions.

The Verge (XVG) partnership was welcome for XVG has a privacy aspect to its ledger that porn subscribers might find useful for anonymously paying for the adult digital content. But the porn industry has been known to embrace technology advances faster than greased lightning. One needs to look at how the VCR and the old school videocassettes were the preferred technology for the porn industry back in the 90s. The industry has since adopted a youtube-upload-type of sharing content where you can get paid for making home videos. The same industry has been first in line to utilize virtual reality. The adoption of crypto in the porn industry was only a matter of time!

It is, therefore, no surprise that Pornhub would also embrace the digital currency of Tron (TRX). If all goes well, and according to Justin Sun’s vision, the Tron Project will be able to decentralize the web on the blockchain in a manner where everyone would be able to create content as well as get paid for it. Sun recently acquired popular file sharing platform of BitTorrent and the internet is abuzz as to what plans he has of integrating it with the Tron project.

That said, Pornhub also plans on accepting ZenCash (ZEN) for payments on its platform. Both TRX and ZEN can be used as payment options for Pornhub purchases, including the Pornhub premium streaming service and its traffic and advertising network.

Pornhub VP Corey Price was quoted as saying the following by Variety Magazine:

“Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum. Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.”

Mr. Price’s comments reiterate the observation that the porn industry is always ahead in terms of adopting new technologies. The future looks bright for the crypto and porn industries as the latter values privacy as well as efficient technologies that the former can now provide. With an estimated daily user base of 90 Million, Pornhub will be key in pushing crypto adoption to the mainstream.

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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 WehoCity via Flickr

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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