Bitcoin Fixes PayPal Cuts Payouts to Over 100,000 Pornhub Models

Home » Bitcoin Fixes PayPal Cuts Payouts to Over 100,000 Pornhub Models

Bitcoin (BTC) has been praised as the solution to a new payment crisis affecting the adult entertainment website Pornhub. On November 14th in a blog post, Pornhub revealed that the payment processor PayPal had abruptly stopped servicing its models.

Attack on “livelihood” Gets Hit Out on by Pornhub

Before, models worldwide received payouts through PayPal, which has not publicly stated the reason it cut them out of its platform.
“We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods,” the blog post reads.

Currently, Pornhub is using direct funds transfer alternatives, which models are required to set up themselves. The website also began a deal with cryptocurrency project Verge (XVG) last year, while users can also purchase products with various cryptocurrencies via the partnership of Pornhub with merchant gateway PumaPay.

Models Don’t Know About Cryptocurrency

The debacle is actually latest due to the ordeal with PayPal, and it has become well known for its seemingly arbitrary account shutdowns.

In each of the cases, the proponents of Bitcoin highlight the benefit of using censorship-resistant cryptocurrency instead. Transactions of Bitcoin cannot be canceled or denied by a third party since they are peer-to-peer.

The problem of Pornhub now, despite the Veger deal, puts the lack of overall knowledge of cryptocurrency in the spotlight.

Crypto, personal portal… LOL. I don’t understand what that even is. I’m cool with just direct deposit into my bank account,” Shyla Jennings, a prominent model on the site, responded to the news on Twitter.

Also, Jennings added that she did not use PayPal herself, because the service had had her “blacklisted for years.”


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