- Pornhub posted in a blog that the international payment processor PayPal had unexpectedly stopped its service for all of its performers.
- Before PayPal was stopped for the models, they would all have received payouts via the payment protocol.
- What has all this got to do with cryptocurrency?
The leading cryptocurrency, Bitcoin has just been crowned as the saviour to a new payment crisis which is having a big impact on the adult entertainment website Pornhub.
On November 14th, Pornhub posted in a blog that the international payment processor PayPal had unexpectedly stopped its service for all of its performers.
The blog post reads:
“We are all devastated by PayPal's decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods.”
Before PayPal was stopped for the models, they would all have received payouts via the payment protocol.
As per CoinTelegraph:
“Pornhub is now using direct funds transfer alternatives, which models must set up themselves. The website began a deal with cryptocurrency project Verge (XVG) last year, while users can purchase products with various cryptocurrencies via Pornhub’s partnership with merchant gateway PumaPay.”
Switch to Crypto
You might be wondering what all this has to do with cryptocurrency.
While most of the models/performers that are active on PornHub, won’t be aware of crypto, one of them has a good understanding of what it can do. She doesn’t have exactly much knowledge on the technology itself just the end result that benefits her!
A prominent model on the site, Shyla Jennings posted this on Twitter after the PayPal news broke:
“Crypto, personal portal... LOL. I don’t understand what that even is. I’m cool with just direct deposit into my bank account.”
For more news on this and other crypto updates, keep it with CryptoDaily!