In its bid to smoothen recurring transactions, PornHub has partnered PumaPay, an open source cryptocurrency payment option provider dedicated towards enabling frequent payments using digital currency.
The collaboration will give premium subscribers on the largest porn site the room to pay with ease, as if they are paying with credit card. This options will make their payment easier and they do not need to worry about sending payment every month.
Yesterday, PC Magazine announced that PumaPay, which is developed by a Cyprus-based blockchain company is now to be used on PornHub site. PumaPay according to information offers a ‘PullPayment protocol’.
According to team behind PumaPay, the blockchain protocol allows for transactions that have never been possible on the blockchain, including recurring payments and pay-per-use transactions.
“PumaPay’s technological solution, the PullPayment protocol, reverses the mechanics of a transaction, enabling merchants to ‘pull’ crypto funds from their customers’ account,” PumaPay CEO Yoav Dror said in a statement.
“With PumaPay, merchants avoid the drawbacks of the current banking systems, such as high transaction costs, the insecurity of chargebacks (reverse transactions) and associated fines, and the lack of customer anonymity.”
The first cryptocurrency platform that PornHub partnered with was Verge, followed by Tron. When Verge partnered with PornHub, the platform had to go on a crowdfunding to enable it achieved the deal, and start off a yielding campaign afterward.
After the partnership, Verge sealed quite a large number of collaboration, however, many of them were not publicized. The Pornhub deal could just be regarded a stepping stone for other Verge’s alliances.
Talking about Tron, the cryptocurrency has been wining in recent time. Few days ago, Tron partnered with BITBOX, an exchange owned by LINE, a Singapore-based messenger app with millions of users.
Also, it partnered with Moshroom, a smart toilet producing company based in in China. The partnership will smoothen cross border payment for the smart toilet and also increase the sales of the product beyond Asia. The two altcoins are making significant move to initiate strategic partnerships in the crypto world.
