Pornhub Partnership Ups Verge Cryptocurrency Price
The price of the digital coin Verge (XVG) skyrocketed Tuesday following news that adult entertainment giant Mindgeek, the owner of Pornhub and Brazzers, is now accepting payments in the form of the anonymous cryptocurrency.
The partnership, which had been hinted at over the past month, means that users now have the option to pay for a premium subscription without leaving any trace. In March, Verge launched a crowdfunding campaign with a target of collecting 75 million worth of the cryptocurrency. It is currently unknown whether Mindgeek has taken an ownership stake in the digital currency, according to Fortune. (See also: Santander Launches Blockchain Payments Service.)
“Pornhub is a global organization with nearly a hundred million daily users,” said Verge founder Justin Sunerok. “This partnership represents an enormous market with a global reach that will compete with fiat currencies. It’s huge for Verge and we’re extremely excited to finally be able to announce it.”
In a statement, Pornhub Vice President Corey Price indicated that the alliance will increase security on its platform and maintain the adult entertainment industry's role at the forefront of the adoption of new technology.
«History has proven that the adult entertainment industry plays a critical role in adoption for innovative technology. We saw that with VHS, Betamax, credit card payment icons and, most recently, VR goggles. We expect to see widespread adoption of crypto and blockchain in short order,» stated the VP. In allowing customers to pay in digital currency on its three sites, including Pornhub, Brazzers, and adult gaming portal Nutaku, Price foresees an «uptick on the purchasing of content.»
Mindgeek, a clear market leader in the porn streaming
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