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Less Than 1 Percent of Pornhub Subscribers Are Paying With Crypto
Less than one percent of Pornhub subscribers pay for the service using cryptocurrencies, the company said Friday.
Updated Sep 13, 2021, 8:25 a.m. Published Sep 28, 2018, 3:30 p.m.
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Pornhub has provided a somewhat disheartening figure for the number of users utilizing its recently launched crypto payments options.
According to a report from The Next Web Friday, the online porn provider said via an email that less than 1 percent of purchases made on the platform are conducted with cryptocurrency.
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Pornhub had an average of 81 million visitors per day last year, according to its own figures, which adds up to around 28.5 billion in total. Hence, less than 1 percent could still be a not-so-tiny number. However, the company doesn't give out the proportion of visitors that actually pay for the paid premium service, as TNW points out.
Despite the low take-up figure, the company is staying positive on the potential of the tech, telling the news source:
"That being said, we expect to see widespread adoption of crypto and blockchain on our site in the near future."
As reported by CoinDesk, Pornhub first announced it would accept cryptocurrency payments back in April, when it struck a deal with verge to use its token.
At the time, the firm said verge was its choice due to the cryptocurrency's large user base and an online campaign on its forums for it to accept the token.
Appealing to the privacy concerns of its users, Pornhub then moved to accept two more cryptocurrencies, tron and zencash (now called horizen), as payment.
"Here at Pornhub, it's important that we cater to our users' ever-changing payment preferences and, as such, that means accepting cryptocurrencies as a payment method, which provide users with anonymity and security," Corey Price, vice president of Pornhub, said at the time.
In August, Pornhub inked a deal with crypto payments firm PumaPay to integrate with the service, though that is still not live.
Pornhub image via Shutterstock
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