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Pornhub picks PumaPay for recurring Tron (TRX) and Verge (XVG) payments

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Tron Verge
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Little by little, the crypto world is making its way to several industries out there. In fact, in the last months, we have seen many partnerships and initiatives deployed that now put the crypto in the picture. And what it exactly means? Well, it says that now cryptos are figuring as payment options for many goods and services, a step that undoubtedly bring us closer to what Satoshi envisioned back in 2009 with the creation of the leader of the market Bitcoin (BTC).

Without a doubt, we have come a long way from where it all started, and the truth is, we could not be more excited. Recently we have seen how it is possible now to buy in nearly 20,000 online retailers using cryptocurrencies such as Tron (TRX) with platforms such as Bitcoin Superstore. But that’s only the beginning, as now other opportunities are emerging, including, of course, the possibility of paying for adult entertainment subscriptions by using crypto tokens.

In this sense, one of the most visited adult websites, Pornhub has partnered with PumaPay to enable crypto payments on its website and allow premium users to utilize their crypto holdings. Let’s see all the details of this.

Pornhub/PumaPay partnership

One of the most desirable features of credit card payments is the capability of registering the card and then not bothering about paying manually anymore, as the institution involved will charge directly to the credit card the amount stipulated in a monthly basis. So what if we take that to the crypto world as well? No need to ask twice! That is exactly what PumaPay is going to do with Pornhub as per the recent alliance.

PumaPay is an open source crypto payment platform that dedicates to facilitate and implement periodic payment solutions by making use of virtual coins. A blockchain company based in Cyprus develops the platform, and to enable frequent crypto payment solutions, it offers a protocol dubbed the ‘PullPayment protocol’. It is because of this protocol that payment options such as recurring payments are a possibility in a transaction, and in the same way, pay-per-use operations.

As Yoav Dror, the CEO of PumaPay stated, PumaPay is a network that functions under the PullPayment protocol, and this allows to “reverse the mechanics of a transaction, enabling merchants to ‘pull’ crypto funds from their customers’ account”.

He continued,

“With PumaPay, merchants avoid the drawbacks of the current banking systems, such as high transaction costs, the insecurity of chargebacks (reverse transactions) and associated fines, and the lack of customer anonymity.”

Crypto to be used by Pornhub

With the solution mentioned above, Pornhub will be able to allow the premium subscribers to pay with cryptos. But which are the selected ones for the website (you probably already know)? Well, so far the adult entertainment site has partnered with just a few cryptocurrencies, Verge (XVG) and Tron (TRX) are initial two, both of which are stepping solidly in the cryptoverse lately (yes, Verge has been in hot water).

The Pornhub acceptance was expected to impact both Tron and Verge positively as far as their prices are concerned, but that didn’t go as it was expected when the announcement came out a couple of months ago. Still, as the real circulation of crypto tokens is going to start over the adult platform now, the demand and price could increase too. So stay tuned, we can all be sure great things are coming.

For the latest cryptocurrency news, join our Telegram!

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 thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of PXhere.com

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Neteller to Launch a Crypto Exchange

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Neteller
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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…

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MGO Will Likely Generate Substantial Gains During 2019

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MGO
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My new year’s resolution is to put the past year behind me and start fresh.  This means to stop worrying about past losses and focus on all the exciting projects that blockchain technology has made possible.  When analyzing new projects, I tend to look for projects that have 2 advantages; growing industry and lack of competition.  Companies with these advantages have always done well in the equity markets and there is no reason to believe they won’t do well in the crypto markets.  MobileGo (MGO) is one such project that will be one of the biggest winners during the next 12 months.

MobileGo’s currency, MGO, performed better than nearly every other token during the past 12 months.  While most altcoins were plunging by more than 90%, MGO is only down about 50%.  And, since September, the MGO token has exploded by more than 200%.  These trading gains can be attributed to increasing adoption rates of the MGO token, most notably on the Xsolla platform.

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BlockchainDefender Reports on a Lack of Trust in the Crypto Industry

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BlockchainDefender
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The cryptocurrency industry reached its peak market capitalisation in January 2018, nearly reaching $800 billion. However, even with such a large market capitalisation the industry faces a lack of trust.

BlockchainDefender recently released a report examining this lack of trust.

Questions Answered in the Report

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Market Sentiment, Trends, and Capitalisation: Study One

The first study of the BlockchainDefender report begins by confirming that the number of searches for cryptocurrency and the online sentiment regarding digital currencies correlate with the global market capitalisation of the crypto market. This is confirmed via ups and downs in all values from January 2017 to July 2018, all clearly displayed on an easy-to-read graph.

To examine differences in online sentiment towards cryptocurrency in various countries, BlockchainDefender used search results and analysis in each country’s native language.…

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