The adult entertainment industry has long been known to be sensitive to technological innovations, so Pornhub’s decision to start accepting cryptocurrency comes as no surprise. The service, which is considered to be the most popular in the industry, added Verge support for its premium subscription plans.
According to the official blog post, the company has been “looking at crypto for quite some time”, waiting for the right time to “penetrate the market”. The decision was finally announced on April 17th.
“Not only is this an exciting announcement for us and the adult entertainment industry, it’s exciting for the crypto space. History has proven that the adult entertainment industry plays a critical role in adoption for innovative technology. We saw that with VHS, Beta Max, credit card payment icons and, most recently, VR goggles. We expect to see widespread adoption of crypto and blockchain in short order.”
The choice of Verge is not accidental, as the coin claims to provide anonymity to its users. Although anyone can view Verge cryptocurrency transactions through its public ledger, the additional layer of security is achieved by using Tor and an anonymous network layer I2P.