A stagnant price period seems at an end as Pornhub is forced to go full crypto for payments.
Verge (XVG), the cryptocurrency now infamous for its links to the porn industry, is on the up again — thanks to a classic fiat money scandal.
As adult entertainment giant Pornhub confirmed this week, payment providers Visa and MasterCard are no longer servicing its payments, leaving only cryptocurrency for its roughly 120 million daily visitors.
"Crushing news" for Pornhub
The reason, the companies say, is questions which remain over Pornhub’s handling of illegal content.