Adult Entertainment Website Pornhub Partners with PumaPay for Integrating Crypto Payments

On Mar 12, 2020 at 7:12 am UTC by Bhushan Akolkar · 3 min read
Adult Entertainment Website Pornhub Partners with PumaPay for Integrating Crypto Payments
Photo: PumaPay Official / Instagram

PumaPay’s flexible API will allow Pornhub’s premium subscription users to make seamless recurring payments on the platform. This will also give Pornhub users enhanced privacy and security with full control over their subscriptions.

The world’s most popular adult entertainment website Pornhub has said yes to integrating crypto payments on its platform. For this, Pornhub has collaborated with the innovative blockchain-based payments system PumaPay, to simplify its recurring subscription model.

PumaPay’s crypto payment solution finally goes live this week, 18 months after announcing the partnership. One thing which the crypto and adult entertainment industry have in common is the constantly hovering regulatory pressure. Thus, their coming together creates a friendly solution that would over the barriers of crypto payment adoption.

As per the reports, PumaPay’s flexible API has allowed for easy and seamless integration for Pornhub’s premium subscription payments platform. To provide on-demand crypto payments as well as seamless recurring payments on Pornhub, PumaPay will use its popular crypto billing solution the PullPayment Protocol.

This will also give Pornhub users enhanced privacy and security with full control over their subscriptions. Besides, users can also make seamless payments from PumaPay’s Mobile Wallet App. PumaPay’s PullProtocol is quite ideal for certain billing models like monthly payments, recurring payments, and account top-ups.

The good thing about the PullProtocol is that the merchant is the initiator of the payment. Thus, the processing changers have to be born by the merchant and not the users. But one thing to note is that the transactions happen only in PumaPay (PMA) tokens which the users can purchase directly from the exchanges to make payments. Explaining it, Yoav Dror, CEO of PumaPay, said:

“This latest integration with Pornhub Premium entrenches PumaPay’s protocol as a prime solution for recurring cryptopayments. Our technology also happens to be completely hassle-free, offering subscription-based billing models based on our innovative PullPayment mechanism.”

Adult Entertainment and Crypto Are Natural Allies

Currently, Pornhub receives over $100 million every day from all across the globe. Moreover, crypto payments currently constitute only one percent of the total revenue of Pornhub. Despite having this massive audience size, adult entertainment websites have always been categorized as “high-risk” merchants. Thus, the payment processors usually charge higher fees for transacting with them.

The PumaPay (PMA) tokens are available for purchase on a number of exchanges like Bittrex, Coinbene, HitBTC, and OKEx. Besides, users can also exchange other supported tokens like Bitcoin, Litecoin, Dash and ERC20 tokens for the PMA tokens and receive them in their mobile wallets. The wallet is also directly accessible through the Chrome Extension.

With this new partnership in place, the two companies seem to be changing the rules of the game. Speaking on this partnership, Corey Price, Vice President of Pornhub, said:

“Pornhub Premium is all about offering its users options – we do so with one of the most robust video and category offerings. The same is true for payments. Now our crypto-holding users have the freedom to use PumaPay. Adding PumaPay to the list of cryptocurrencies Pornhub Premium accepts has allowed us to better cater to the millions of crypto holders around the world.”

Along with Pornhub, the PumaPay PullPayment Protocol is available on other adult entertainment websites like RedTube, Mofos, YouPorn and more.

Altcoins, Bitcoin News, Blockchain, Cryptocurrency news, News
Bhushan Akolkar
Author: Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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