Adult website, Pornhub has spread its wings further and is now accepting cryptocurrency as the biggest porn site in the world partner with Verge (XVG). Although this is not the first time adult sites will be collecting cryptocurrency as a means of payment as Microsoft, Overstock and Expedia are already making use of cryptocurrency. But the merger between Pornhub and Verge means that cryptocurrency is heading towards being a legal tender.
Pornhub is offering its users payments without trails with Verge (XVG). Pornhub has been considering adopting cryptocurrencies for a while because of its convenience and security. VP Corey Price explains “Here at Pornhub, we’re all about convenience and security, which makes cryptocurrency an attractive form of payment for us…We’ve been looking at crypto for quite some time and, while overall adoption is relatively low, we think it has gained enough steam for us to penetrate the market”
On the other hand, Verge is offering a little cloak of invisibility that the traditional legal tender doesn’t offer. Verge will be utilizing Tor to hide your IP address, by encrypting your traffic and bouncing it through a chain of computers around the I2P which offer the same broad strokes peer-to-peer routing but have a different practice. Verge users can utilize public or private blockchain transactions since the Wraith Protocol will be employed by Verge.
Matthew Green, an affiliate of Zcash and a cryptographer at Johns Hopkins University states, “Tor and I2P are great. The problem is if you’re using the public blockchain, you are leaving tracks that are completely traceable…Even if you connected through Tor, when you eventually cashed those coins in, people could track you.” Pornhub and Verge are offering customers a means of stealthily conducting business and covering your tracks to protect yourself.
Considering Verge’s past record, when in March, it had its social media accounts hacked and recently it had to hard fork its blockchain after attackers performed a 51 percent attack on its network. But then they have a working product which is why Pornhub is partnering with them, unlike CamSoda which teases a plan to launch own blockchain where customers can exchange nudes for payments.
Will the partnership between verge and pornhub
