Pornhub To Pay Performers In Crypto Using Tether (USDt) Stablecoin Via TronLink Wallet

2020-1-24 22:53

Adult content provider, Pornhub has added a new payment option for its actors which includes Tether (USDT) stablecoin, CoinDesk reports. On Thursday, the adult content firm announced that it will now let its performers be paid using USDT and will use TRONLink wallet for all USDT transactions. TRON has been Pornhub’s partner since June 2018 after the firm announced that consumers can pay for content using TRX token.

Pornhub also indicated that the new payment method using USDT which is pegged on the US dollar will allow performers to enjoy instant payments with zero fee.

For the pornhub actors to receive payments in the form of Tether, they will need to download and install TronLink wallet app which can be found in Google Play as well as Apple Store, Pornhub stated. Apart from Tether, Pornhub also announced that it is supporting a fresh payment processor named Cosmo Payment, meant for the adult content industry, comes with prepaid cards in which to receive funds.

Justin Sun, TRON CEO, said in a tweet,

If you’re on @Pornhub, stop what you’re doing. #USDT is now an option for models on Pornhub! Pornhub is using USDT-TRON to support models seeking payment solutions. This is a brilliant way to support the victims of centralized payment platforms like PayPal. #TRON #TRX https://t.co/qwpMf0LgmS

— Justin Sun (@justinsuntron) January 22, 2020

The new developments comes just a few days after PayPal terminated its support for actors payouts without a prior warning in November. During that time Pornhub expressed its disappointment with the termination stating that over 100,000 actors who used PayPal services had been affected. The PayPal’s decision left the adult content firm providing payouts through direct deposits in various regions as well as bank checks which are faced with different challenges and scrutiny.

Pornhub has been aggressive in promoting the use of cryptocurrencies on its platform owing to the lack of money trail which many people don’t want to leave. Last year in August, the firm inked a deal with crypto payment firm PumaPay to allow consumers to easily pay through crypto. As Cointelegraph reports, Pornhub also partnered with Verge (XVG) in 2018 to easily accept the cryptocurrency as payment for its premium offering.

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