Verge surged as PayPal banned PornHub payments

Porn industry is definitely a leading indicator of technology adoption - Charlee Lee

PayPal Holdings Inc. said on Thursday it had stopped payment support to PornHub’s models after it found the adult entertainment website made certain payments without the permission of the payment processor.

PornHub twitted immediately:

CZ responded:

Sounds like an opportunity for #crypto?

Following the PayPal news, Corey Price told media outlets:

“We currently payout in verge and are evaluating adding other cryptocurrency payout options.”

Verge had risen by more than 40% percent:

Interesting thing here is that Verge dumped hard after it's initial appearance on PornHub back in 2018:

What people say?

Shyla Jennings, performer:

Crypto, personal portal… LOL. I don’t understand what that even is. I’m cool with just direct deposit into my bank account.

Others:

• bull markets come and go, but pornhub is forever
• VERGE allready working with pornhub since 2 years lol !
• verge is kind of poo and pornhub did not help it that muchHaha, I totally remember the Verge dump...everyone attributed it to Pornhub.
• Mindgeek the parent company of brazzers and Pornhub partnered with Verge XVG in 2018. It’s the only crypto they use to pay performers. They accept Verge, Tron and Horizen for subscriptions. FYI

Most volume on PornHub with Verge talks comes from Telegram, minimal talks in professional traders chats.

Another observation is XVG Sentiment balance became negative on these news:

Finally, a dedicated adult industry project SpankChain also followed: