Pornhub Adds Crypto Payment Option With Verge Token

Adult entertainment website Pornhub has announced that it will begin accepting the cryptocurrency verge as payment.

AccessTimeIconApr 17, 2018 at 2:30 p.m. UTC
Updated Sep 13, 2021 at 7:50 a.m. UTC

Adult entertainment website Pornhub has announced that it will begin accepting the cryptocurrency verge as payment.

The company detailed its move in a blog post and accompanying video, saying that it will take the token for its premium services as well as other available purchases. According to Pornhub, the kick-off will be marked by events in New York City and Silicon Valley.

Pornhub VP Corey Price added in a statement:

"Not only is this an exciting announcement for us and the adult entertainment industry, it’s exciting for the crypto space. History has proven that the adult entertainment industry plays a critical role in adoption for innovative technology. We saw that with VHS, Beta Max, credit card payment icons and, most recently, VR goggles. We expect to see widespread adoption of crypto and blockchain in short order."

Verge's backers previously stoked speculation about its "mystery deal" earlier this month, and in March moved to collect donations in an effort to push ahead with the partnership.

According to Price, the partnership came about after Pornhub "approached [the Verge team] in a very deliberate selection process." He also cited the cryptocurrency's user base and a recent online push on its forums to accept the coin as payment.

“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," Price said.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.

CoinDesk - Unknown
2
CoinDesk - Unknown
June Was Bitcoin’s Worst Month Ever

Plus, European crypto regulation comes into view.

CoinDesk - Unknown
3
CoinDesk - Unknown
What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years

Poor macroeconomic sentiment, fears of inflation and systemic risks from the crypto market pushed the cryptocurrency below 2017’s highs.

CoinDesk - Unknown
4
CoinDesk - Unknown
Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding

A British Virgin Islands court ordered Three Arrows' BVI branch into liquidation earlier this week.

CoinDesk - Unknown