Verge, XVG price get a helping hand as Visa and MasterCard cut off Pornhub
A stagnant price period seems at an end as Pornhub is forced to go full crypto for payments. Verge (XVG), the cryptocurrency now infamous for its links to the porn industry, is on the up again — thanks to a classic fiat money scandal.As adult entertainment giant Pornhub confirmed this week, payment providers Visa and MasterCard are no longer servicing its payments, leaving only cryptocurrency for its roughly 120 million daily visitors."Crushing news" for PornhubThe reason, the companies say, is questions which remain over Pornhub’s handling of illegal content. For MasterCard, the block is....
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Global payment companies Mastercard announced on December 10, 2020, its official decision to ban their customers from using credit and debit cards to arrange purchases on one of the biggest adult websites. Visa has taken the same measure on a temporary basis. Mastercard Cuts Ties With Pornhub Following Accusations According to a statement sent through Bloomberg, Mastercard said that after investigating Pornhub “over the past several days,” which “confirmed violations of our standards prohibiting unlawful content on their site.” Another payment processor giant, Visa,....
During the first week of September, the world’s largest adult web portal Pornhub expanded its payment options by adding bitcoin and support for three other cryptocurrencies. However, after Mastercard and Visa severed ties with Pornhub last week, the company’s premium services payment processor now defaults to cryptocurrency only. Pornhub is by far the largest adult website in the world, as the site provides pornographic video sharing services to billions of people across the globe. According to similarweb.com page ratings, the adult site is the 10th most trafficked site on the....
Verge has been hit by a massive 560,000-block reorganization.
Payments giants Visa and Mastercard say they are monitoring Binance’s regulatory compliance developments as more regulators come after the global crypto exchange for operating in their countries without authorization. Visa, Mastercard Monitoring Binance’s Regulatory Troubles Visa and Mastercard have not severed ties with cryptocurrency exchange Binance despite rising regulatory scrutiny. The two payments giants have not blocked Binance and cardholders can still use Visa and Mastercard to deposit funds into their accounts at the exchange. Visa told the Financial Times Friday....
Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine.
Russians Unable to Use Their Mastercard and Visa Cards on Binance
Starting on Wednesday, March 9, all transactions initiated with Mastercard and Visa cards issued in Russia will be unavailable on Binance. The world’s largest cryptocurrency exchange by trading volume explained this is due to the U.S. payment....