Home News Blockchain After Verge, Tron and ZCash, PornHub Partners With New Cryptocurrency PumaPay

After Verge, Tron and ZCash, PornHub Partners With New Cryptocurrency PumaPay

August 24, 2018 12:52
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Back in April, when Pornhub made the announcement that it was tying up with Verge (XVG), there was instant pandemonium (of a good kind).

Although Verge’s price did not seem to have been affected, the excitement surrounding the news was physically palpable that a mainstream website was ready to align itself with cryptocurrencies.

Recently, Pornhub’s subsidiary Tube8 also announced that it was accepting Vice Industry Token, in order to incentivize users into interacting with the content.

After Pornhub announced that it was tying up with Verge, Tron (yeah, that happened!) and ZCash, the company has announced that it will be partnering with another little-known cryptocurrency called PumaPay on Thursday.

In a tweet, the company said, “#Pornhub becomes PumaPay’s early adopter!” The cryptocurrency is developed by Cyprus-based blockchain company Decentralized Vision, which offers a new technology called ‘PullPayment’ protocol. The protocol, apparently, allows for transactions that have never been possible on the blockchain before.

Corey Price, Vice President, Pornhub said, “Here at Pornhub, 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. By accepting PumaPay, we are reaffirming our commitment to keeping current with our community’s growing payment preferences.”

He added, “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. PMA is a solid addition to our growing arsenal of cryptocurrencies, and we’re excited for our fans to use them to purchase a myriad of things on our platform.”

The company will also allow popular flexible billing practices and scenarios popular within the adult entertainment industry such as pay-per-view or recurring payments, and protecting the anonymity of the user.

Seconding the opinion, PumaPay Chief Executive Officer (CEO) Yoav Dror said, “PumaPay’s technological solution, the PullPayment protocol, reverses the mechanics of a transaction, enabling merchants to ‘pull’ crypto funds from their customers’ account. This enables the flexibility of transactions that has been impossible over the blockchain up until now, hence merchants and customers had to rely on credit cards. 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.”

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A blockchain enthusiast, a wannabe-crypto investor and an all-around enthusiast! Loves travelling, especially to ASI-protected areas, believes in giving her best shot at everything she does! Definitely an introvert.

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