Pornhub Adds Tether Stablecoin as New Crypto Payment Option

After PayPal had abruptly stopped servicing its models in late 2019, popular adult entertainment website Pornhub has added a new cryptocurrency payment option.

On a blog posted on January 23rd, Pornhub announced it now supports Tether, a major United States dollar stablecoin, to allow instant and zero-fee payments via the crypto wallet and browser extension TronLink.

TronLink is a native wallet for Tron, the current 12th largest cryptocurrency by market cap, which is backed by the Tron Foundation. The USDT token became available in April 2019 on the Tron network after Tether and the Tron Foundation partnered and released the first Tron-based USDT tokens.

In order to start sending and accepting payments in Tether, Pornhub models can download the TronLink wallet app that is available both on Apple Store and Google Play. Along with Tether, Pornhub is also now supporting a new payment processor known as Cosmo Payment.

Justin Sun, the CEO of Tron commented about the news on Twitter, saying that the new crypto payment option is a great way to help “victims of centralized payment platforms like PayPal.”

The news comes after PayPal, one of the world’s biggest online payment processors, halted its payment support for Pornhub models in mid-November 2019. Reportedly, PayPal stopped doing business with the Pornhub because the site allegedly made payments without its permission.

Following the news, there was a big push for Bitcoin to become a new payment option on Pornhub, all while many Pornhub models were reported to have a lack of knowledge of what cryptocurrency even is.

Pornhub has been slowing working on promoting the use of crypto on its website as the speed, cost and anonymity greatly appeal to its customers. The website partnered with cryptocurrency payment and billing startup PumaPay to enable user payments in crypto back in August 2019.

In 2018, the site partnered with cryptocurrency Verge to accept the coin as payment for Pornhub Premium and all Pornhub purchases. As reported by Cointelegraph, Verge’s price skyrocketed just after PayPal’s decision to pull the plug on Pornhub in November.

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