13.5 C
Manchester
October 4, 2022
Image default
Altcoin

Pornhub adds Monero as a form of payment after demonetizing Visa and Mastercard

Pornhub added the Monero privacy coin to its crypto payment options amid reports that Mastercard and Visa have severed relations with the adult content site.

Information about Pornhub’s support for the privacy cryptocurrency first appeared on Sunday on the sub-reddit Monero. The list of supported crypto payment options verified by The Block now includes Monero, in addition to other currencies.

It is unclear exactly when Pornhub added Monero, but the change probably happened last weekend. Monero was not compatible with Pornhub at least in September, when bitcoin and litecoin were added to the platform as payment options.

Meanwhile, the Decrypt reported for the first time on Monday that Pornhub now accepts crypto only as a payment tool to access its premium content amid banning Mastercard and Visa.

Crypto-only acceptance applies to selected user bases, such as in North America, the United Kingdom or Singapore, among others.

The only payment option available to users with IP addresses in at least some European Union countries, for example, Amsterdam, Germany, Finland, appears to be Lastschrift, which means direct bank debit, or SEPA, the bank transfer system for the zone of the euro.

According to data from SimilarWeb, Pornhub’s top five traffic sources come from the USA with 23.76%, followed by Japan, Germany, France and the United Kingdom.

Pornhub’s support for Monero comes at a time when Pornhub faces payment obstacles posed by Mastercard and Visa, who said last week that they had banned the use of their cards on Pornhub.

The ban came after investigations into an article by a columnist from the NYT who said the platform included content on child abuse and rape. Pornhub, for its part, rejected such allegations in the NYT article, saying they are “irresponsible and blatantly false”.

Source: TheBlock

Related posts

Long-awaited Ethereum update is deployed on Ropsen testnet

Anupreet Kaur

Overtaking XRP, Dogecoin is now the fourth largest cryptocurrency by market capitalization

Anupreet Kaur

Binance lists DAI and removes EOS from P2P platform

Anupreet Kaur

Leave a Comment