Cryptocurrencies

Mastercard breaks with PornHub. Will cryptocurrency adoption penetrate the porn industry? – Cryptocurrencies

Cryptocurrencies to the rescue of the porn industry: not very chic, but there is a lot to be exploited. Mastercard withdraws from Pornhub. Centralized payments are deserting the site, motivating it to turn more and more to cryptos.

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After Visa, Mastercard: Pornhub victim of the New York Times

December 10, 2020, MasterCard announced in a statement posted on Bloomberg, the suspension of the use of its credit cards on the site Pornhub.

According to the statement, the investigations carried out confirmed the existence of illegal content that does not comply with the standards of the company.

Visa has adopted the same measures by temporarily blocking payments to the site.

Both companies appear to have referred to an article published by the New York Times which indicated that the website had been negligent in removing videos depicting child abuse and non-consensual violence, although Pornhub denies all these accusations.

Visa and MasterCard are not the first companies to have cut ties with Pornhub. PayPal had decided to do the same by suspending payments to the site.

Fantasy of a world without centralized payment

Since January 2020, Pornhub started integrating cryptocurrencies into their site. The Tether (USDT) was one of the first cryptos accepted as payment by the site.

The corresponding press release indicates that the backing of theUSDT to the US dollar made the transfer process easier and more secure for the user.

Pornhub clarified that users could also take advantage of the functionality offered by the wallets supporting digital assets based on Tron (TRX).

Justin sun confirmed this statement by indicating that it was a way of supporting victims of centralized payment platforms like PayPal.

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Pornhub then added Bitcoin (BTC) and Litecoin (LTC) as a means of payment for its premium services since September 2020.

Some people will discover and fall “in love” with crypto by watching the videos on Pornhub: a sexy way to push cryptocurrency a little more towards the general public. Although Mastercard, Visa and PayPal seem to have legitimate reasons for withdrawing from Pornhub, this decision, which is not without consequence for the site, also shows the disadvantages of centralization subjecting one actor to the 4 wills of another – a dominant – submissive relationship. Victoria Cakes fans Brandi Love and her friends can thank the cryptosphere.

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