Pornhub Accepts Bitcoin

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Pornhub, one of the most famous porn websites in the world, now also accepts payments in bitcoin. The website with about 130 million daily visitors was recently banned by PayPal, but thanks to Bitcoin it has an alternative payment network that offers many privacy benefits for users.

It is and remains a bit controversial for many people: porn. Yet the porn industry is one of the internet’s greatest success stories. Pornhub, one of the most famous porn websites, has a whopping 130 million daily visitors and is number 9 on a list of the most visited websites in the world. Just one spot lower than Wikipedia.

Since last week, Pornhub has also accepted bitcoin as a means of payment for the paid services of the platform, the company said. Considering Pornhub’s market position, this is quite an interesting development.

As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer two widely-used and leading digital currencies for our users. Our team continues to pave the way for tech development, testing and implementing new technology for everyday consumers far ahead of the mainstream market. ” – Pornhub Vice President Corey Price, press release

The decision to accept bitcoin payments follows a turbulent period for Pornhub. Payment provider PayPal stopped providing services to Pornhub at the end of 2019 and since then it is no longer possible to pay for services on the website via PayPal. Whether the old specter of censorship re-emerges here or whether something else is going on is not entirely clear.

What is certain is that it was a big problem for Pornhub, because PayPal was widely used on the platform. Pornhub indicated at the time that it would look for alternative payment channels. This presumably led to Pornhub now also accepting bitcoin.

Benefits

Bitcoin has a number of advantages over PayPal: it is apolitical, non-moral, free from censorship and accessible to everyone. It is an alternative and decentralized system without dependencies on third parties. Unlike PayPal, the Bitcoin network will never reject any transactions from Pornhub.

In addition, Bitcoin does not work on the basis of identity and that gives users inherent privacy benefits. Of course, there are many reasons why some people prefer to keep payments to porn websites separate from their other payments. Bitcoin is a more discreet option in that case.

Those benefits were also identified in the past by Satoshi Nakamoto, the inventor of Bitcoin. The adoption of Bitcoin by the porn industry has been anticipated for some time.

“Bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have, either don’t want the spouse to see it on the bill or don’t trust giving their number to “porn guys”, or afraid of recurring billing.” – Satoshi Nakamoto, Bitcointalk

Porn, the Internet & Bitcoin

The rise of the internet and the porn industry went hand in hand . Sometimes it is said that porn has made the internet great, but the other way around is probably just as good to make that argument.

It is of course also a match made in heaven : instead of going to a store with shame on your jaw, simply access anonymously from the privacy and comfort of your own home to a worldwide and virtually unlimited range. It opened new doors for the porn industry: a global reach, without (or hardly any) censorship and at much lower distribution costs.

The internet also benefited. In the nineties, people thought the internet was still very abstract and complicated and often people did not understand what you could do with it. Online porn gave a concrete answer and showed that the internet was a serious innovation with which new revenue models are possible. Now, more than twenty years later, the ‘largest’ companies in the world are no longer banks, but tech companies that grew thanks to the internet. A company without e-commerce or website is actually no longer participating these days. The porn industry turned out to be at the forefront.

The parallels may be evident: just like the internet, Bitcoin seems to be perfect for the porn industry, and vice versa. Some people therefore hope that a similar symbiosis will develop between the two as was the case with the emergence of the internet. The adoption of Bitcoin by a leading market leader such as Pornhub can play an important role in this.

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Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past. Also, pro-local, pro-global and anti-national.

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