Michael Coghlan / Flickr

Pornhub, the largest porn site on the internet, has reportedly added two major cryptocurrencies to its list of accepted payment options.

Pornhub now accepts ZenCash (ZEN), a privacy-focused cryptocurrency, and TRON (TRX), a digital currency fueling the project’s decentralized internet ecosystem, for its premium streaming service and advertising network.

According to a blog post by ZenCash, the new integration will allow users to set up recurring payments and simply pay-per-use while leveraging the anonymity of the privacy coin.

We are excited to provide a private payment option for over 115 million daily users on the MindGeek websites! The exposure to the digital entertainment industry provides an excellent use-case for ZenCash by giving individuals the ability to pay for digital entertainment privately without fear of exposure. ZenCash uses the best privacy technology available in the market.

In the same announcement, Pornhub Vice President Corey Price emphasized the company’s approach to offering more expansive payment options for its users.

Here at Pornhub, as one of the most viewed websites in the world with over 90 million daily visitors, it’s important that we continue to expand our crypto payment options to align with our community’s growing payment preferences.

In April, Pornhub accepted Verge, another privacy-focused cryptocurrency, after the project staged a massive, and controversial crowdfunding campaign to raise $75 million. While there is no indication of the costs associated with the recent listings by ZenCash and Tron, Verge investors are beginning to question the reasoning behind the project’s massive fundraising.

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While the crypto markets have largely lagged in recent months, both ZenCash and Tron have continued to make headlines.

In mid-June, Grayscale Investments, a cryptocurrency-focused investment fund, announced that it plans to launch its ninth product, a ZenCash Investment Trust, in the third quarter of this year.

Grayscale’s Investment Trusts offer institutional investors the opportunity to gain exposure to altcoins like ZenCash without needing to directly purchase the digital assets, which ultimately works to boost adoption and awareness of these coins. As more institutional investors move into the space, these sort of investment vehicles will offer a unique method of portfolio diversification.

Just this week, Tron celebrated its “Independence Day” from the Ethereum blockchain, as the project recently migrated to its mainnet. Torrent software company BitTorrent was also recently been acquired by Justin Sun, the founder of Tron.

This latest announcement marks a massive leap forward in mainstream adoption for both projects, lending to long-term validation and value creation.

More On ZenCash

ZenCash (ZEN) is a secure and private platform for money, messages, and media. An ambitious project with a strong R&D focus, ZenCash is building out a suite of features for its platform, all with an underlying element of privacy. ZenCash is a fork of Zclassic (itself a fork of Zcash), but with a few distinct differences, namely: secure messaging, a voting and proposal system, and a 12% miners fee for the duration of the project. (more)

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More On Tron

TRON (TRX) is a decentralized internet ecosystem founded by the Tron Foundation, a Singapore-based non-profit organization headed by Justin Sun. TRX was originally developed as an ERC20 token on the Ethereum network and transitioned to its mainnet in late June.

More: An Expansion In Usability, ZenCash Accepted On MindGeek Websites
Related: Pornhub Now Offers Crypto Payment Option with Verge
Photo: Michael Coghlan / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.



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