Verge, XVG Prize got a helping hand as Visa and MasterCard Pornhub performed


Verge (XVG), the cryptocurrency now infamous for its connections to the porn industry, is on the rise again thanks to a classic fiat money scandal.

As adult entertainment giant Pornhub confirmed this week, payment providers Visa and MasterCard are no longer serving their payments and are only leaving cryptocurrency for their roughly 120 million daily visitors.

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“Crushing News” for Pornhub

The reason, the companies say, is because of questions that remain open about Pornhub’s handling of illegal content. For MasterCard, the block is permanent, while Visa continues to monitor its decision.

In response, Pornhub told the Associated Press that the allegations were “irresponsible and obviously false”.

“This news is overwhelming for the hundreds of thousands of models who rely on our platform for a living,” she added in a statement.

Visa and MasterCard are following PayPal to avoid the world’s largest porn site, which now has to rely solely on cryptocurrency payments.

Rand approaches the plate

The move rocked Verge’s move, but the Dogecoin (DOGE) fork, which until recently went almost unnoticed at near multi-year lows.

At press time on December 12th, XVG / USD was trading at nearly $ 0.007 after previously hitting June highs. Verge is now the 97th largest cryptocurrency with a total market cap of $ 112 million.

Verge (XVG) mood vs. Price 1-week chart. Source: TheTIE

In response to Pornhub’s problems, Mark Wittenberg of the Verge Core Marketing Team appealed to stranded models to consider cryptocurrency.

“Our main focus at @vergecurrency $ XVG is one # currency,” he tweeted on Friday.

“It is our position to be used as a unit. If @Pornhub models need help getting used to their payment options, this is our role as #worldwide #community. help out. We should embrace #decentralized payments. “

With Pornhub also accepting Bitcoin (BTC) and Litecoin (LTC), while also allowing models to cash out a small number of other altcoins, Verge’s appeal may remain limited. Nevertheless, a payment portal has already been found for Pornhub employees.

“We are happy to help you as a # decentralized payment option!” NOWPayments confirmed.