El Salvador’s Bitcoin investment hits profits
After years in the downturn market, El Salvador's Bitcoin holding has risen to a 3% gain over its investment.
Earlier this year, PornHub startled the cryptocurrency world with its shock decision to begin accepting Verge as a payment method – and now the pre-eminent adult entertainment site has begun accepting TRON and ZenCash.
Together, PornHub will now accept the three cryptocurrencies as payment standards for its premium offerings, and the trinity will now further be accepted by thirteen additional adult entertainment brands owned by MindGeek – PornHub’s parent company.
Presiding over the announcement, Pornhub Vice President Corey Price elaborated that “Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum. Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.”
@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
While ZenCash and Verge’s privacy features align with comments previously made by Price, TRON has yet to introduce any sizeable privacy features.
Presiding over the decision to accept Verge, Price previously added that “we’re extremely excited to offer our fans the ability to use crypto and think Verge, with its focus on anonymity, is the best option – whether for privacy, convenience or both” – before confirming “that Pornhub had “approached (Verge) in a very deliberate selection process.”
Notably, MindGeek – and by extension, PornHub – is not the only adult entertainment vessel adopting cryptocurrency; earlier this year, VRPorn.com elected to accept Litecoin for its premium subscription offerings.
At press time, Tron is down by -815%, and has deflated to $0.035857 USD. ZenCash has witnessed a similar decline of -7.98%, and presently trades for $15.66 USD.
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