Pornhub now accepts Bitcoin (BTC) and Litecoin (LTC) as payment for its premium services. The company has been accepting Verge since 2018, later adding several other cryptocurrencies, but this is its first foray into the major leagues. Pornhub’s vice president Corey Price said in the press release:
“As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer two widely-used and leading digital currencies for our users. Our team continues to pave the way for tech development, testing and implementing new technology for everyday consumers far ahead of the mainstream market.”
Pornhub is a year older than Bitcoin, having been founded in 2007 in Montreal, Canada. Currently, it stands as the world’s ninth most popular website with 3 billion monthly visitors.
Cryptocurrency and porn have been forever commingled in society’s subconscious. This relationship goes back to pre-Bitcoin days as many cypherpunks believed that porn would be an early adopter of non-governmental digital currencies.
Satoshi Nakamoto himself voiced similar opinions in 2010:
“Bitcoin would be convenient for people who don't have a credit card or don't want to use the cards they have, either don't want the spouse to see it on the bill or don't trust giving their number to "porn guys", or afraid of recurring billing.”
https://cointelegraph.com/news/pornhub-now-accepts-bitcoin-and-litecoin....
Pornhub announced support for bitcoin and litecoin on september 1st. A large downtrend in BTC price followed shortly thereafter.
Does correlation equate to causation in this case. From past history we know banks closed accounts of hundreds of porn stars for no apparent reason:
With banks becoming more crypto currency integrated, it could naturally follow they would temporarily crash the price of bitcoin, for whatever reasons they've often decided to make life harder for pornstars and adult entertainers in the past.
