Binance and CZ fight back with a motion of dismissal
Following the lawsuits against Binance from the SEC, the exchange and its CEO have filed a motion of dismissal.
Cryptocurrency is known for its anonymity. This lends itself well to industries in which privacy is attractive.
One such industry is that of the adult entertainment. Or, rather more specifically, pornography-related business.
Entertainment sites such as Pornhub and VRPorn have leaped to the opportunity to sell their services with cryptocurrency as a payment option. In this list, we will show the best of porn-related cryptocurrency news.
Playboy Enterprises play with cryptocurrency
Earlier on this year, Playboy TV made the fresh announcement that it would accept Vice Industry Tokens (VIT). At the time, VIT was a new initial coin offering (ICO) project to serve as a “video entertainment platform where viewers can watch videos, and as a cryptocurrency where anybody who participates (in viewing, adding, or curating content) will get paid with VIT’s proprietary cryptocurrency.”
Playboy jumped on the opportunity to partner up with the new “entertainment” token and a deal was struck.
Pornhub jumping into bed with Verge
Not long after Playboy’s announcement, Pornhub Vice President Corey Price announced that the site would be accepting Verge as payment for both its premium services as well as its available purchases.
At the time, Price elaborated that they were “extremely excited to offer [their] fans the ability to use crypto and think Verge, with its focus on anonymity, is the best option – whether for privacy, convenience or both.”
He expanded that this is both exciting for the company, but also for “the adult entertainment industry”. His enthusiasm filtered into the excitement the cryptocurrency space sees. He said that “[history] has proven that the adult entertainment industry plays a critical role in adoption for innovative technology. We saw that with VHS, Betamax, credit card payment icons and, most recently, VR goggles. We expect to see widespread adoption of crypto and blockchain in short order.”
A short order with long consequences.
VRPorn and Litecoin strike a deal
Following the news that Pornhub had initiated a relationship with cryptocurrency, it seemed as though VRPorn wanted in on the action too.
In June, the virtual reality adult entertainer announced that Litecoin would be accepted as a method of payment.
When the news came out, VRPorn’s COO Lisa Moore quipped to CoinInsider that “it’s hard to beat Litecoin when it comes to a large user base, liquidity, quick transactions, low fees, and a secure network. Litecoin is easily available from places like Coinbase, whereas many people would have trouble getting ahold of some of the lesser known coins.
Pornhub expands – accepting TRON and Zencash
Not weeks after VRPorn’s Litecoin declaration, Pornhub was at it again. The company announced that it would be added two extra cryptocurrencies to its listed payment methods. At the time, TRON had also announced the new partnership on Twitter:
@Pornhub is now accepting TRX! The leading adult website will soon offer #TRX as a payment method. With over 85 million daily visitors, Pornhub is currently ranked 13 across all website categories in the world! pic.twitter.com/9VlJm43Fnn
— TRON Foundation (@Tronfoundation) June 27, 2018
As privacy tokens, TRON and ZCash seem the perfect fit for the company.
Tube8 blew minds with “we will pay you to watch porn” announcement
Months after any adult entertainment news, the subsidiary company of Pornhub, Tube8 exposed plans that it would be launching a platform which would pay users to watch adult videos.
Tube8, partnering with VIT, hopes to create an entirely tokenized platform. The network would allow customers to watch and interact with Tube8 videos all the while earning the VIT tokens.
At the time of the announcement, Tube8s Robin Turner told Hard Fork that this new network will offer users the chance to live the dream that he always had which is “getting paid to watch porn“. Turner explained that users will no longer have to “fork” out money to see individuals spooning – or using other utensils – but will also “get paid to consume [their] free content”:
“Considering the popularity of cryptocurrency right now, it only made sense to pay [users] for watching, and interacting with, our videos. We value their attention and want to keep them coming back for more!”