Tether Payments Now Available on PornHub

News / 23.01.2020

On the 22nd January 2020, Pornhub announced the addition of two new payment options. USDT is one of the options added, a cryptocurrency stablecoin, and is the sixth-largest market cap.

Paypal halted supporting Pornhub two months ago due to issues concerning regulatory compliance. In return, cutting off the Paypal payroll of the models and actors on its website. Some time ago, nations banned banking services in facilitating porn websites to stop human and drug trafficking. Nevertheless, the industry continues to prosper, having several sex workers.

Therefore, cryptocurrency has come in handy to support porn actors’ livelihoods since the USDT-Tether payments are available on Pornhub.

More on USDT-Tether

The USDT-Tether is a stablecoin with the highest liquidity and the most mainstream in the cryptocurrency domain. Its aggregate market cap is over $4.6 billion. The stablecoin is currently operating on five platforms, including OMNI, ETH, TRX, EOS, and Liquid Chain. 

Its allocation on OMNI, TRX, and TRX is 32.9%, 48.7%, 19.4%, respectively, and is below 1% on EOS and Liquid Chain. For the stablecoin to grow outside, cryptocurrency exchanges may get achieved through introducing stablecoin payments. The stablecoin payments do not have the volatility aspect of cryptos. They are currently utilized to hedge an individual’s value in FIAT on exchanges when trading cryptocurrencies.

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Debasish Das is from India, an engineering graduate and holds a postgraduate degree in management. He has 10 years of experience in the financial sector, having worked for one of the biggest MNC banking groups in the country. Currently he has business in e-commerce, insurance and consultancy. As an avid blockchain and cryptocurrency enthusiasts he believes in investing in the future of technology, and feels this is going to make the world a single marketplace and also give the power from centralized banks and governments back to people.