Mastercard Severs Ties With Pornhub — Is Mainstream Crypto Adoption Coming fo...
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,....
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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....
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....
Payments giant Mastercard has introduced a new program called Crypto Source to enable financial institutions to offer crypto trading and other related services to their customers. Mastercard has partnered with Paxos Trust Company to support this program. A Mastercard executive says that crypto is on the “cusp of really going mainstream.” Mastercard to Help Banks Offer Crypto Services Mastercard introduced a new program called Crypto Source Monday that will bring “crypto trading capabilities to banks.” In partnership with regulated and licensed crypto custody....
Amid the growing frauds in the crypto sector, the multinational financial service organization, Mastercard, has unveiled a new feature to prevent and detect crypto-related fraud operations within its network. Cryptocurrency’s broad adoption by the mainstream has pushed global business platforms to include it. But unfortunately, it also opened a way for fraudsters and cybercriminals to […]
Russia is not exactly known for its tolerance of free speech, adult content, and virtual currencies. In recent months, the Russian Internet watchdog Roskomnadzor has blocked access to various Bitcoin websites, as well as Wikipedia. But it looks like these woes are far from over, as Roskomnadzor has blocked access to various adult websites, including PornHub. It is important to note that Russian ISP’s have no infrastructure in place to block a specific portion of an internet domain. For example, if Roskomnadzor wants to restrict access to a certain page on Facebook, the entire Facebook.com....