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Another breakthrough for Tron: Pornhub to accept TRX soon

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Tron
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Pornhub, one of the largest X-rated video sites, expands its virtual currency payment options announcing they will be soon accepting Tron (TRX). In recent times, Tron (TRX) has been making headlines for many reasons, but mainly for purchasing the file-sharing giant, BitTorrent for a whopping $118 million (in cash). Tron CEO and founder, Justin Sun, intends to use the file-sharing giant, BitTorrent for expanding Tron’s tentacles in the technology market. According to a press release by Tron,

“Tron aims to be a decentralized entertainment content-sharing platform eventually leveraging blockchain and peer-to-peer network technology.”

Justin Sun’s deal with the adult entertainment site, Pornhub that boasts of having a daily users count of more than 90 million across the world is expected to build a strong customer base for the virtual currency.

Despite representatives from the Tron foundation declining to reveal the purchasing price for BitTorrent, it is rumored Justin Sun had to part ways with $118 million US dollars for 2004 launched BitTorrent. The peer-to-peer (P2P) software company is famous for being used by individuals as well as corporate users like DCM Ventures and Accel Partners to pirate software and evading buying premium genuine software copies.

It also seems like Pornhub is warming up to virtual currencies as it plans on adding ZenCash too as another virtual currency payment mode for its users. This follows a recent media release that the adult site was accepting a virtual currency that permits unidentified payments by hiding the location and IP addresses of its consumers. Shortly, users could use both Tron and Zencash can to make payments and subscribe to Pornhub premium services that include the adult site’s Premium streaming service as well as its advertising network and traffic.

In a recent media statement given to Variety (the very first site to break Tron Pornhub partnership), Corey Price, Pornhub Vice President disclosed:

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

Following closely what Tron (TRX) has been doing, we are left to wonder, does Justin Sun ever sleeps? And if he does how many hours of sleep does he get?

https://twitter.com/JUSTlNSUNTRON__/status/1011782074716614658

The reason for asking these questions is due to the fact Tron foundation has been announcing one partnership after another ever since the beginning of the year and beyond.

We all know by now that Tron (TRX) as a blockchain aims to innovate and decentralize the default internet gaming and entertainment market that is estimated to be over $150 billion US dollars by strengthening the relationship and bringing global gamers, developers, and content creators closer together with their users.

Tron foundation CEO and founder, Justin Sun, continues to be a vocal personality at endorsing blockchain technology as the fortune of commerce and trade.

Although Tron’s prices are not yet reflecting what the digital token has been able to accomplish over previous few months, the blockchain network is laying a strong foundation for an excellent virtual coinage with near-limitless possibilities through its Main Net, Odyssey.

As things stand, Tron continues to solidify their investor base confidence as each day that passes with entire credits going to Tron team, and of course, Justin Sun who is working round the clock to take Tron to the moon.

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

Image courtesy of Pxhere.com

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AZ FundChain Offers a Compelling Alternative to Traditional Crowdfunding

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AZ FundChain
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Although many tokens have collapsed during the ongoing altcoin apocalypse, the future remains bright for applications with real world usage.  Because of the ongoing bear market and limited trading opportunities, analyzing businesses with the potential to experience real world adoption should be the priority.  Part of that analysis should include looking at industries that need improvement.  During my analysis, one area that quickly popped up is the field of traditional crowdfunding and money circles.  And, as it turns out, AZ FundChain application offers a compelling alternative.

Problems with Traditional Crowdfunding

President Obama’s JOBS Act essentially laid the ground work for crowdfunding.  This legislation was passed in 2012 and included a provision for large groups of anonymous investors to fund startups.  It essentially gets around the dreaded “qualified investor” requirement that created a barrier for so many potential participants.  Crowdfunding is a great way for non-traditional businesses to raise funds for operating capital.  It certainly beats having to beg a bank for a loan, or, even worse, a loan shark.

But, as the common cliché goes, no good deed goes unpunished.  Traditional crowdfunding and money circles certainly have their fair share of problems.  The biggest problem is trust.  There are essentially very little checks and balances when it comes to how these companies will use the money that is raised.  Companies can promise the world but may not deliver…

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Why no one should be using banks

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why no one should be using banks
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If government is the devil, the bank is a demon.

It’s not your money anymore.

The moment you put your money on your bank account it becomes the property of the bank. Legally speaking you have just lend your money for minuscule interest. And since the money is not your, terms do apply, so you cannot withdraw all of them in one day, if the amount is high.

Government will know everything

Today banks are obligated to tell the authorities everything they know about you, including how much money you have, how you got it and where you spend it. The golden age of bank secrecy is over. Of course if you are a law abiding citizen, you might think that you have nothing to hide, but it’s not about hiding stuff. It’s about basic human right, and rightness for private life. The government should not be allowed to watch you.

Banks ask too many stupid questions

It’s your money, you rightfully earned them, but still you need to explain to the bank where you got it from and be shamed by them. The funny part is that after long and painful due diligence process the bank may still decline in providing service for you.

They can legally suspend your account or even steal your money

Laws are not made to protect people, they are made to protect the…

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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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