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XVG Verge and Pornhub Marriage Not Going Well

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Back in early April, the team at XVG Verge had a well-kept secret as to which firm was their new big partner. As soon as the announcement was made that Pornhub would be accepting subscription payments using XVG, the crypto community rejoiced for this was a step forward in terms of crypto adoption. Some crypto enthusiasts even put aside their morals and looked past what the Pornhub platform is all about. All were enthusiastic for they knew that the porn industry is worth around $97 Billion dollars and Pornhub has over 90 Million daily unique visitors. This, in turn, meant that XVG Verge would get the spotlight on a wide and busy platform.

Crypto accounts for Less than 1% of Pornhub Payments

Almost six months after Pornhub started accepting XVG Verge and other cryptocurrencies on the site, a new report has revealed that less than 1% of payments on the site are actually transacted using digital assets. This is even after Pornhub partnered with crypto payment processing startup of PumaPay to make the user experience more efficient.

Still Too Early to Conclude ‘The Marriage’ Between XVG Verge and Pornhub has Failed

Six months is a short time period to determine if crypto payments have failed to take off on the adult site. Judging by the fact that Bitcoin was created in 2009 and it has only started to be recognized as a means of investing, it could take a few more years before crypto payments are as natural and automatic as using your VISA or Mastercard.

A spokesperson of Pornhub remained optimistic about the future:

That being said, we expect to see widespread adoption of crypto[currency] and blockchain on our site in the near future

Possible Solutions for the Adult Industry

One possible implementation of blockchain technology in the adult film industry is probably tapping Project Atlas from the team at Tron and BitTorrent. The project aims at incentivizing users using a custom token so you can request faster downloads as well as have users run clients to seed torrents for longer periods.

With adult movies and clips being created by the minute, the burden of centrally storing all these files will become cumbersome for Pornhub and other adult sites. This then brings the option of distributing storage on the machines of subscribers who will be rewarded with a certain amount of privileges or tokens, for the platform to store some files onto their personal computers or servers that will remain online all the time.

Of course, this is pure speculation but we have to remember that behind any brilliant invention, is a crazy idea. The above idea seems crazy enough to work.

In conclusion, crypto adoption is slowly but surely making strides in the adult film industry through the use of digital assets as a means to pay for subscriptions as can be seen on Pornhub. As the future progresses, cryptocurrencies and blockchain technology will surely make an impact on the industry. We also have to remind ourselves that the payment processor of PumaPay is still in the development phase and the project is yet to integrate on Pornhub. Once live, PumaPay is sure to accelerate crypto payment and billing all over the crypto-verse.

Check out the Global Coin Report talk show as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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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

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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Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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