Pornhub, the world’s biggest porn site, has recently partnered with open source cryptocurrency payments solution provider PumaPay to enable recurring payments via cryptocurrency for its premium subscription.
According to a recently published video, the partnership will let Pornhub users pay for their subscriptions using cryptocurrency as if they were using a credit card – without worrying about sending over payments every month.
@Pornhub partnered with @PumaPay #cryptohttps://t.co/Q5MrpLwpXP
— Francisco Memoria (@FranciscoMemor) August 24, 2018
PumaPay is an open source blockchain-based solution developed by Cyprus-based company Decentralized Vision. According to reports its “PullPayment protocol” allows for transactions that “have never been possible on the blockchain” until its development. Besides recurring payments, these include pay-per-use transactions.
The company’s CEO Yoav Dror stated:
PumaPay's technological solution, the PullPayment protocol, reverses the mechanics of a transaction, enabling merchants to 'pull' crypto funds from their customers' account.
He added that thanks to the protocol, merchants can avoid the “drawbacks of the current baking system,” including high transaction costs, the lack of anonymity, and chargebacks. The partnership with Pornhub will also reportedly see the website accept PumaPay’s PMA token.
The feature, however, doesn’t seem to yet b integrated as at press time the only cryptocurrency payment options available are ZenCash (ZEN), Verge (XVG), and Tron (TRX). As CryptoGlobe covered, the first cryptocurrency the website accepted was XVG, after its community raised the equivalent of about $3 million to secure a partnership with the website’s owner MindGeek.
While at the time some claimed the partnership was exclusive, Pornhub later on expanded the number of cryptocurrencies it accepts, by adding TRX and ZEN as payment options. Notably, these two additions came shortly after reports suggested Tron founder Justin Sun was looking to acquire BitTorrent, an acquisition later on confirmed.
Pornhub is notably not the only website entering the cryptocurrency space. As recently covered a website named Tube8 revealed it was set to reward its users with crypto for watching its content. Users are set to be rewarded with Vice Industry Tokens (VIT), specifically created for the adult entertainment industry.
VRPorn.com, another popular porn website, added Litecoin payments earlier this year using GoCoin as a payment processor, shortly after Verge announced its partnership with MindGeek.
