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IPFS News Link • Bitcoin

Bitcoin Fixes This: PayPal Cuts Payouts To Over 100,000 Pornhub 'Models'

•, Tyler Durden

Pornhub hits out at attack on "livelihoods"

Previously, models throughout the world received payouts via PayPal, which has not publicly stated why it cut them out of its platform. 

"We are all devastated by PayPal's decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods," the blog post reads.

Pornhub is now using direct funds transfer alternatives, which models must set up themselves. The website began a deal with cryptocurrency project Verge (XVG) last year, while users can purchase products with various cryptocurrencies via Pornhub's partnership with merchant gateway PumaPay.

Models unaware of cryptocurrency

The debacle is just the latest in a string of skittish moves from PayPal, which has become well known for its seemingly arbitrary account shutdowns. 

In each case, Bitcoin proponents highlight the benefit of using censorship-resistant cryptocurrency instead. Bitcoin transactions cannot be canceled or denied by a third party since they are peer-to-peer.

Pornhub's problems, despite the Verge deal, nonetheless put the lack of overall knowledge of cryptocurrency in the spotlight.