Pornhub has provided a somewhat disheartening figure for the number of users utilizing its recently launched crypto payments options.
According to a report from The Next Web Friday, the online porn provider said via an email that less than 1 percent of purchases made on the platform are conducted with cryptocurrency.
Pornhub had an average of 81 million visitors per day last year, according to its own figures, which adds up to around 28.5 billion in total.
Less than 1 percent could still be a not-so-tiny number.
As reported by CoinDesk, Pornhub first announced it would accept cryptocurrency payments back in April, when it struck a deal with verge to use its token.
At the time, the firm said verge was its choice due to the cryptocurrency's large user base and an online campaign on its forums for it to accept the token.
Appealing to the privacy concerns of its users, Pornhub then moved to accept two more cryptocurrencies, tron and zencash, as payment.
"Here at Pornhub, it's important that we cater to our users' ever-changing payment preferences and, as such, that means accepting cryptocurrencies as a payment method, which provide users with anonymity and security," Corey Price, vice president of Pornhub, said at the time.
In August, Pornhub inked a deal with crypto payments firm PumaPay to integrate with the service, though that is still not live.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Less Than 1 Percent of Pornhub Subscribers Are Paying With Crypto
gepubliceerd op Sep 28, 2018
by Coindesk | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.