Porn.com embraces Bitcoin payment

Posted: January 6, 2014

Porn.com has joined the ranks of adult websites now accepting the digital currency Bitcoin for membership payments.

The company’s marketing supervisor has confirmed that Porn.com has added the BitPay service to its website to process the transactions. All former payment methods, including credit cards, PayPal and online checks, will still be accepted in addition to Bitcoin.

“We’re always trying to adopt new methods of payment and with Bitcoins, it opens up a whole new landscape to users who want their transactions to remain completely discreet and untraceable. We recognise the Bitcoin is not going anywhere and we felt that accepting Bitcoins would not only set a precedent with other companies but falls in line with Porn.com’s always progressive attitude of moving forward and blazing our own trail,” said a company representative.

Bitcoin is relatively untraceable, offering a high level of anonymity to users, which makes it an attractive payment option for adult websites. It’s value has fluctuated widely throughout recent months as confidence waxes and wanes according to business influence. China banned its banks from handling Bitcoin transactions in December, citing that it has no legal status and should not be treated as currency, triggering a slump to £258 per Bitcoin from a November peak of £610. The European Banking Authority also warned against overconfidence in the virtual currency, noting that it is unregulated and users are unprotected against financial losses if a platform that uses it goes out of business.

Not all economies are hostile to the device, however. The new digital-currency was recently declared a legitimate monetary instrument in a U.S. Senate meeting. Online gaming company Zynga also added Bitcoin to its payment options today, causing coin value to once again top the £610 ($1000) mark.

Porn.com is the largest adult site to embrace Bitcoin to date, according to CoinDesk.

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