Adult industry accepting cryptocurrency payments through the PumaPay protocol

  • September 7, 2018
  • 6:49 pm ET
  • Obasi Ifegwu

PumaPay continues to expand in an effort to ensure mainstream adoption of its disruptive payment processing protocol.

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In an announcement this week, Pumapay has confirmed that the adult industry has embraced their protocol as a method of payment processing. The alliance with PumaPay was initiated by one of the industry’s leaders – PornHub, and was followed by an exciting high-quality video advert used to announce the new partnership.

PumaPay has developed a cardless payment infrastructure which is based on blockchain technology. It allows merchants and clients to process push; recurrent, and pull payments with ease while avoiding the old complex payment processing infrastructures currently used by Visa and Mastercard.

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In addition, the creation of the PumaPay protocol eliminates the middlemen that exist in the payment processing industry and provides a solution to the high processing fees currently experienced.

Barely 14 days after the first adult entertainment firm’s partnership, a host of other prominent leaders in the adult industry space have shown interest in the PumaPay protocol and also extended a hand of partnership.

Although the PumaPay website states that it has over 50+ leading brands that have signed up for their payment solution protocol, the most recently popular is the acceptance of the protocol by these major players in the adult content/movie industry, an industry worth somewhere near $97 billion and growing.

Obasi Ifegwu
About the Author
Obasi Ifegwu

Obasi Ifegwu is a political scientist turned crypto enthusiast and student. He's a professional crypto community manager, and he loves to write about everything blockchain and cryptocurrencies in his spare time. You can follow him on Twitter @Obasifrancis and on Steemit @francisifegwu.

Via PumaPay

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