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Visa and Mastercard’s Colossal Mistake With Pornhub
It may cost them their entire online business.
On the 4th of December, an NYT investigation revealed that pornhub hosted hundreds of thousands of videos of child molestation, rape, and other atrocities.
On the 7th of December, Mastercard and Visa started investigating “financial links” with the company.
On the 12th, they decided to stop dealing with Pornhub altogether.
On the 14th, Pornhub took out of its platform 8 million videos from unverified users and decided to verify all of them before putting them back.
On the 15th, Pornhub declared it now only accepted cryptocurrencies to pay on its website.
I argue that Pornhub marks by this announcement the beginning of a wide adoption of cryptocurrencies by the general public.
Everyone Heard of Crypto — But Nobody Used It…Up to Now
Everyone heard of crypto when bitcoin peaked at $20 000 end of 2017. Not many people knew how it worked though, nor what you could do with it.
As such, its adoption has remained restricted to those that hoped to make a quick buck, geeks, libertarians, and others that didn’t want their identity revealed on the…
