Changpeng “CZ” Zhao, CEO of leading cryptocurrency exchange Binance, points out via Twitter that PayPal will be suspending all transactions for Pornhub, creating an opening for Bitcoin and other uncensorable cryptocurrencies as a viable method of payment for adult entertainers.

As confirmed by
Pornhub’s management, PayPal will be halting payouts to more than a hundred thousand adult performers who depend on the money transmitter for meeting their everyday expenses. 

The top adult entertainment platform is now instructing users who have selected PayPal as their payout option to change it to direct deposit or direct debit. 

Pornhub added Verge cryptocurrency as a payment option last year followed by Tron and ZenCash.

In addition to a crypto boost from Pornhub’s troubles, CZ predicts that China’s digital yuan will be launched on a blockchain-based platform, reports Cointelegraph. Although China’s national digital currency may not be as decentralized as Bitcoin, CZ believes that it will be one of the world’s most competitive currencies. 

Speaking at the BlockShow Asia 2019 event in Singapore, CZ says,

“The Chinese government wants to push RMB’s influence globally. They want RMB to be competitive with the US dollar. In order to do that they really need to push this currency to have more freedom.” 

He adds,

“When you learn about blockchain, you almost have to learn about Bitcoin. If you learn about smart contracts, you will have to learn Ethereum.”

Follow us on Facebook           
Join us on Telegram            Follow us on Twitter



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here