Although cryptocurrency payments still only account for a tiny fraction of revenue on adult entertainment sites, a new integration on the Pornhub platform is looking to finally deliver against expectations that have been running high for years.
Pornographic websites and cryptocurrency seemed to be natural bedfellows: the latter promised discreet payment solutions for a web service that continues to attract massive audiences, while adult entertainment websites are often categorized as “high-risk” merchants, and subjected to higher fees by processors. In some cases, they are de-platformed completely.
For a detailed investigation of how the adult entertainment industry is reacting to slower-than-expected crypto adoption, see Andrew Fenton’s article in Cointelegraph Magazine today.