• Latest
PayPal’s Axing of PornHub Model Payments May Boost Crypto Conversions

PayPal’s Axing of PornHub Model Payments May Boost Crypto Conversions

November 14, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Business

PayPal’s Axing of PornHub Model Payments May Boost Crypto Conversions

coinnewsdaily by coinnewsdaily
November 14, 2019
in Business
0
PayPal’s Axing of PornHub Model Payments May Boost Crypto Conversions
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Top adult entertainment site Pornhub has revealed that PayPal has abruptly cut its payments service to the large numbers of live performers using its platform.

In a blog post Thursday, PornHub wrote:

“We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods.”

The company called on those models with PayPal options selected in their accounts to use one of its other provided methods of paying out. These include direct deposits, checks and the verge cryptocurrency.

Pornhub announced it would accept verge payments in April of last year, saying it offered users privacy and convenience. The site also said it would accept tron and zcash last June, although these options don’t seem to have been passed on as payout options to performers.

With PayPal now withdrawn, it may be that Pornhub performers will increasingly turn to the cryptocurrency option, especially as bank accounts may be frozen if banks get a hint that porn is related to the payments.

At press time, the price of verge (XVG) had risen 2 percent on the day to $0.003860, according to CoinMarketCap.

However, that possibility maybe be somewhat dampened by a lack of knowledge of how to use cryptocurrencies and convert them to more widely usable fiat currencies.

In Pornhub’s Twitter announcement of the PayPal block, performer Shyla Jennings reflected that hurdle with the tweet:

“Crypto, personal portal… LOL. I don’t understand what that even is. I’m cool with just direct deposit into my bank account.”

The thread is further littered with crypto community members calling for Pornhub to widen its payment options to other coins such as bitcoin, litecoin and others.

Dedicated adult industry crypto project SpankChain also made a twin promotion/PayPal criticism with the tweet: “Clearly somebody deserves to be Spanked.”

Pornhub image via Shutterstock

Credit: Source link

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
Share76Tweet48
Previous Post

Alibaba’s Ant Financial Starts Pre-Launch Testing of Business Blockchain

Next Post

Bitcoin Bull Anthony Pompliano Bullish on Ripple But Skeptical on XRP |

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?
Alt Coin

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
Bitcoin Bull Anthony Pompliano Bullish on Ripple But Skeptical on XRP |

Bitcoin Bull Anthony Pompliano Bullish on Ripple But Skeptical on XRP |

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,593.00-2.13%
  • ethereumEthereum(ETH)$1,650.32-2.03%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$327.781.97%
  • rippleXRP(XRP)$0.411780-0.85%
  • cardanoCardano(ADA)$0.401946-0.31%
  • dogecoinDogecoin(DOGE)$0.091787-3.97%
  • matic-networkPolygon(MATIC)$1.19-3.61%
  • okbOKB(OKB)$39.71-0.89%
  • solanaSolana(SOL)$24.41-4.65%
  • polkadotPolkadot(DOT)$6.580.41%
  • litecoinLitecoin(LTC)$99.71-1.62%
  • shiba-inuShiba Inu(SHIB)$0.0000120.91%
  • tronTRON(TRX)$0.0643570.85%
  • daiDai(DAI)$1.000.11%
  • cosmosCosmos Hub(ATOM)$14.53-2.85%
  • chainlinkChainlink(LINK)$7.15-2.18%
  • ethereum-classicEthereum Classic(ETC)$22.891.07%
  • moneroMonero(XMR)$174.33-2.93%
  • leo-tokenLEO Token(LEO)$3.360.20%
  • bitcoin-cashBitcoin Cash(BCH)$138.570.55%
  • stellarStellar(XLM)$0.092411-0.82%
  • filecoinFilecoin(FIL)$5.52-3.89%
  • crypto-com-chainCronos(CRO)$0.080789-1.66%
  • algorandAlgorand(ALGO)$0.2583030.42%
  • vechainVeChain(VET)$0.024423-2.40%
  • internet-computerInternet Computer(ICP)$5.83-3.65%
  • aaveAave(AAVE)$88.82-3.34%
  • eosEOS(EOS)$1.08-1.37%
  • elrond-erd-2MultiversX(EGLD)$44.970.91%
  • theta-tokenTheta Network(THETA)$1.08-1.56%
  • tezosTezos(XTZ)$1.11-0.99%
  • huobi-tokenHuobi(HT)$5.9113.82%
  • paxos-standardPax Dollar(USDP)$1.000.40%
  • bitcoin-cash-svBitcoin SV(BSV)$43.02-1.99%
  • havvenSynthetix Network(SNX)$2.50-5.75%
  • dashDash(DASH)$63.47-0.53%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.180.37%
  • iotaIOTA(MIOTA)$0.235183-0.89%
  • neoNEO(NEO)$8.822.65%
  • makerMaker(MKR)$674.29-0.35%
  • zcashZcash(ZEC)$45.93-4.08%
  • zilliqaZilliqa(ZIL)$0.0289430.10%
  • basic-attention-tokenBasic Attention(BAT)$0.269468-1.55%
  • compound-governance-tokenCompound(COMP)$52.98-6.37%
  • nemNEM(XEM)$0.0401790.90%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$37.110.60%
  • bitcoin-goldBitcoin Gold(BTG)$16.85-4.02%
  • sushiSushi(SUSHI)$1.5114.23%
  • qtumQtum(QTUM)$2.75-1.67%
  • wavesWaves(WAVES)$2.59-2.20%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,696.340.50%
  • golemGolem(GLM)$0.2483940.30%
  • omisegoOMG Network(OMG)$1.48-0.97%
  • ontologyOntology(ONT)$0.214950-1.62%
  • digibyteDigiByte(DGB)$0.010922-2.57%
  • umaUMA(UMA)$2.08-1.15%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%