Market Overview

Here's Why the Crypto Community Is Excited About PornHub

Here's Why the Crypto Community Is Excited About PornHub

Online payment service provider PayPal Holdings Inc. (NASDAQ: PYPL) has discontinued support for adult content website PornHub, the latter said in a statement on Wednesday.

What Happened

This means that the models streaming on the platform will no longer be able to receive their payment through PayPal. 

“We are all devastated by PayPal's decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods,” PornHub said in a statement addressed to the models.

“If you have PayPal as your payout option please select a new method and update your information in your Model Settings tab,” the Canada-based company said in the blog post.

Opportunity For Crypto?

Members from the cryptocurrency community flooded PornHub’s Twitter following the announcement, asking the company to add further support to digital currencies as a mode of payment.

Leading digital assets exchange Binance’s CEO Chanpeng Zhao said that it sounds like an opportunity for the cryptocurrency industry to get involved.

The adult content platform already offers Verge Cryptocurrency (XVG) as a payout method on its platform.

We reached out to Pornhub for further comments.

Posted-In: payments PornhubCryptocurrency News Markets Tech Best of Benzinga


Related Articles (PYPL)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

A Peek Into The Markets: US Stock Futures Down Ahead Of Producer Price Index, Fed Speakers

81 Biggest Movers From Yesterday