PornHub (Courtesy: Twitter)
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PornHub Users Help Litecoin Transaction Surge

PornHub (Courtesy: Twitter)
PornHub (Courtesy: Twitter)

After PornHub started accepting Bitcoin and Litecoin for subscription of premium accounts the transaction for the latter has recorded a massive spike.

Glassnode tweeted that the volume of Litecoin transaction has surged over 55 percent in the last 24 hours. However, LTC has dropped from the $53 level to the $48 zone and then recovered a little.

Earlier, PornHub declared that it is now accepting Bitcoin and Litecoin. The payment for their premium services could be made through Bitcoin and Litecoin.

The company used to accept Verge earlier but has now added several other cryptocurrencies.

“As a leader in adult content with over 130 million visitors per day, Pornhub is excited to now offer two widely-used and leading digital currencies for our users. Our team continues to pave the way for tech development, testing and implementing new technology for everyday consumers far ahead of the mainstream market,” PornHub vice president Corey Price said in the press release.

Satoshi Nakamoto had once famously said that: “Bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have, either don’t want the spouse to see it on the bill or don’t trust giving their number to “porn guys”, or afraid of recurring billing.”

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.