PumaPay Cryptocurrency Now Accepted At Pornhub

Announcements, News | August 24, 2018 By:

Canadian adult video sharing website Pornhub is teaming up with blockchain startup PumaPay to enable its users payments in cryptocurrencies.

Pornhub, the largest pornography site on the Internet, is now accepting PumaPay for all purchases – including Pornhub Premium, the company’s HD, on-demand streaming service, as well as advertising-related payments for TrafficJunky, its traffic and advertising network.

PumaPay, which raised $117 million in a token sale earlier this year, created a PullPayment Protocol to bring crypto payments into daily life. The protocol enables merchants to run their businesses the way they’re used to with credit cards. It supports payment practices that have been impossible on the blockchain, including recurring payments with fixed and variable amounts, pay-per-use transactions, restricted and split payments, and more.

“PumaPay’s technological solution, the PullPayment protocol, reverses the mechanics of a transaction, enabling merchants to ‘pull’ crypto funds from their customers’ account,” said PumaPay CEO Yoav Dror. “With PumaPay, merchants avoid the drawbacks of the current banking systems, such as high transaction costs, the insecurity of chargebacks (reverse transactions) and associated fines, and the lack of customer anonymity.”

PumaPay joins other cryptocurrencies on the Pornhub website, including Verge, Tron, and ZenCash.

“As one of the most viewed websites in the world with over 90 million daily visitors, it is our duty to stay at the forefront of innovation and ensure the privacy of our users,” Pornhub VP Corey Price said. “As decentralized payment systems continue to grow in popularity, cryptocurrencies are especially viable in the adult entertainment industry because they incorporate more anonymity tools than traditional tender.”

The news came after Pornhub’s subsidiary Tube8 signed an agreement with the Vice Industry Token (VIT) to reward visitors with cryptocurrency for watching videos. The two companies will create a platform for Tube8’s 10 million users that will give them the chance to “get paid to consume [their] free content.”