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Pornhub Turns Down Charlie Lee’s Offer: Litecoin (LTC) Partners With VRPorn

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Litecoin seems to be working on getting back to the top where it previously held the sixth spot on the global coin ranking list in accordance with its market cap. As we all know, EOS was the asset that pushed down once fifth LTC to its current spot. During that time, Litecoin has been working progressively on getting LTC to mass adoption, usually chasing after the same companies in which Verge found strategic partnerships. After Verge partnered up with MindGeek which led them to PornHub, one of the biggest names in the industry of adult entertainment, Litecoin’s CEO Charlie Lee showed interest for getting a piece of the same industry. Litecoin did find its way to the adult entertainment industry; however, PornHub wasn’t the partnership that took it there.

Litecoin and Charlie Lee’s Interest in PornHub and TokenPay

Back in March as we all probably still remember, Verge (XVG) announced their first crowdfunding campaign ever with the main goal of collecting 75 million XVG during the period of only a couple of weeks. The reason for the announced crowdfunding was to acquire a strategic partnership that was kept a secret for almost an entire month until it was revealed in April 17th that the mystery partnership worth 75 million XVG that the team behind XVG collected before the initial deadline for the campaign expired, was actually made with MindGeek which led Verge to PornHub.

Eventually, TokenPay also turned out to be one of the greatest supporters of Verge and at the same time one of the biggest investors in XVG that provided a significant amount of the collected sum of over 75 million XVG.

In the spirit of having XVG completing the goal and appearing on PornHub as one of the available payment methods for their services, TokenPay announced that they will be buying off a portion of shares in a German Bank stationed in Munich in order to be able to issue first crypto debit card that would be specially made to support payments with XVG.

In addition to completing the promised goal, TokenPay, later on, announced that XVG will be the first crypto to get its own debit card.

And that is where our story starts because Mr. Charlie Lee immediately started a public conversation via posting tweets that were directly intended for TokenPay.

Is Charlie Lee After Verge’s Strategic Partners?

As the initial conversation started off with a tweet made by the official Twitter account of Charlie Lee, it is most certainly the case that Charlie Lee, the CEO of LTC himself, was the one to initiate the conversation by asking TokenPay to include LTC in their debit card program.

TokenPay, later on, added that XVG is going to be their first choice for crypto debit cards, but they stated that more cryptos will get their own cards soon afterward, later on announcing that LTC is going to be listed for a crypto debit card as well.

In addition to going after TokenPay, Charlie Lee initiated a similar conversation with PornHub on their official Twitter page by commenting on their announcement that XVG has been officially added to PornHub payment methods.

Charlie Lee then allegedly suggested that Pornhub should definitely add XVG as well, finishing his statement with a short “message me”.

Both TokenPay and Pornhub made XVG more widely accepted in the crypto market and beyond, leading it towards mass adoption, so LTC is probably after the same results.

However, it seems that PornHub didn’t find LTC as interesting as XVG, so they turned down Charlie Lee. Neither party shared anything about this event, however, there are rumors that the partners failed to find the right words as Charlie Lee was asked to sell his LTC, which he allegedly refused.

Whatever the case, Litecoin did make it into the industry of adult entertainment.

VRPorn Partners up with Litecoin

Although it seems that Pornhub and Brazzers said no to Charlie Lee and Litecoin, LTC seems to have made it within getting into the industry as one of the available payment methods for the services of the adult entertainment website called VRPorn.

As you all remember, Pornhub and Verge made a huge event out of their partnership with sky-rocketed Verge towards the most trending digital assets in the market due to the hype and mystery revolving around the crowdfunding campaign and the partnership that was yet to be discovered, but ONLY and exclusively in the case the goal of 75 million XVG was collected in the given timeframe.

The crowdfunding campaign was at the same time the initiation of XVG in the lines of MindGeek companies like Brazzers and PornHub. SO, it might easily be the case that Charlie Lee was asked to do a similar thing in order to acquire a strategic partner in PornHub.

We can only guess further from this point, but the fact remains that LTC is not partnering up with Pornhub at this point. Instead, Litecoin got teamed up with VRPorn. SO, why have so little people heard of this, while millions have caught the news of PornHub partnering up with Verge?

Beside from the fact that Pornhub makes up for a brand in the adult entertainment industry, XVG made a lot of fuss while hyping up the public, while neither VRPorn nor Litecoin tweeted on the matter of having LTC becoming one of the available payment methods for VRPorn.

However, if you go ahead and visit their website, only if it is for pure curiosity, you will see that LTC indeed stands among the payment methods for VRPorn users, which means that LTC just came one step closer to its goal of mass adoption for real-life purposes.

Of course, it isn’t strange to presume that the adult entertainment industry has become highly interested in adopting cryptos due to the obvious reason of having the perks of ultimate privacy with making payments with digital currencies.

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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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Altcoins

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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SonicX
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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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