Pornhub to Accept TRX While Tron Buys BitTorrent for $118 Million

From lithographs to polaroids to VHS, pornography has been a key to pushing forward technology as far back as recorded history. A dirty secret maybe but one that Tron founder Justin Sun must recognize as he has partnered with Pornhub.

Pornhub Accepting TRX and Zcash Soon

Pornhub, which recently made payments available with the cryptocurrency Verge (XVG), will now soon be accepting Tron’s TRX as well as Zcash (ZEC) as payment for all their services. “Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum,” Pornhub VP Corey Price said in a statement that went on to add:

“Today, cryptocurrencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender.”

Meanwhile, Tron founder Justin Sun has also bought the peer to peer sharing platform BitTorrent for an unconfirmed $118 million in cash, not crypto, according to the entertainment trade site Variety. BitTorrent was launched in 20o4 and has had a legacy of legal problems due to copyright infringement with a number of countries shutting down their sites and trackers.

With a reported 170 million users, including on its sub-client BitTorrent now, the torrent platform has been looking for a buyer for a number of years after failed negotiations with several other interested parties including TiVo.

Tron Buys BitTorrent for $118 Million

According to a statement made by Tron about their plans, it “aims to be a decentralized entertainment content-sharing platform eventually leveraging blockchain and peer-to-peer network technology.” Which according to insiders can be read to mean that BitTorrent will be used as a base to increase the number of users of TRX, much as the deal with Pornhub is meant to do.

While partnering with a content provider boasting 90 million daily users, as Pornhub claims to have, using the TRX token is, on the face of it, a very good move. Others have wondered if the deal may put off companies with more traditional interests creating partnerships. Tron has been a steady climber in the market since its launch in 2017 and though its market cap is down almost 50% in the last three weeks its token is in the green at the time of writing according to livecoinwatch.

Along with adding both Zcash and TRX to its payment options, Pornhub has also just added a closed captioning feature for over 1,000 of its most popular videos as part of its philanthropic efforts which come under the company’s Pornhub cares umbrella.

 

Image from Shutterstock

The post Pornhub to Accept TRX While Tron Buys BitTorrent for $118 Million appeared first on NewsBTC.

---

Posted from my blog with SteemPress : https://www.sasbit.trade/news/pornhub-to-accept-trx-while-tron-buys-bittorrent-for-118-million/

---