The announcement follows the April 2018 PornHub partnership with privacy-oriented cryptocurrency Verge, which resulted in the coins being accepted by the website as a payment option. In November 2019, PayPal cut off payments to PornHub’s 100,000 webcam models, which resulted in the price of Verge rising by 33%.
Tether tries once again to prove it’s not being used by criminals
By tapping Chainalysis’ anti-money laundering tools, the issuer of the world’s biggest stablecoin wants you to believe it’s on the job
Tether, the company behind the world's most popular stablecoin, is doing its best to assure us that it is legitimate—and nobody is using tethers for any kind of funny business.
Tether launches gold-backed cryptocurrency
The new Tether Gold tokens will be backed by one fine troy ounce of gold stored in a secure Swiss vault, the company said
Tether launched a gold-backed cryptocurrency, tether gold (XAUT), that can be redeemed for one fine troy ounce of gold stored in a secure Swiss vault—assuming you can redeem 430 tokens currently worth about $670,000 at once.
Pornhub now accepts tether for model payments
The world’s biggest porn site now accepts the world’s biggest stablecoin
Visitors to Pornhub, which boasted 42 billion visits in 2019, can now pay live webcam models with tether via the Tron wallet, the site announced yesterday. The move follows PayPal’s announcement in November that it would stop supporting payments for the hugely popular pornographic website.