Adult entertainment website Pornhub has announced that it will begin accepting the cryptocurrency verge as payment.

The company detailed its move in a blog post and accompanying video, saying that it will take the token for its premium services as well as other available purchases. According to Pornhub, the kick-off will be marked by events in New York City and Silicon Valley.

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO

Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny

The first video of the year 2024

The last regression video of the year 3.67.0

Pornhub VP Corey Price added in a statement:

"Not only is this an exciting announcement for us and the adult entertainment industry, it’s exciting for the crypto space. History has proven that the adult entertainment industry plays a critical role in adoption for innovative technology. We saw that with VHS, Beta Max, credit card payment icons and, most recently, VR goggles. We expect to see widespread adoption of crypto and blockchain in short order."

Verge's backers previously stoked speculation about its "mystery deal" earlier this month, and in March moved to collect donations in an effort to push ahead with the partnership.

According to Price, the partnership came about after Pornhub "approached [the Verge team] in a very deliberate selection process." He also cited the cryptocurrency's user base and a recent online push on its forums to accept the coin as payment.

STORY CONTINUES BELOW

Recommended for you:

“We're extremely excited to offer our fans the ability to use crypto and think Verge, with its focus on anonymity, is the best option – whether for privacy, convenience or both," Price said.

Image Credit: charnsitr / Shutterstock.com

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.