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Pornhub Models Lose PayPal Payouts. Bitcoin, XRP, Tron Come to the Rescue

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  • Alex Dovbnya
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    Crypto seems like an obvious option for Pornhub models now that they have been abandoned by PayPal

Pornhub
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Pornhub has just announced that all its models have been ditched by payment giant PayPal. Thus, thousands of performers will lose payouts that are necessary to pay their bills.

From now on, models will have to settle with any available payment method (Paxum, Check, the Verge cryptocurrency). Direct deposits are only available for American and Canadian Pornhub users.      

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In the light of such a devastating piece of news, multiple cryptocurrency influencers have stepped up to offer a helping hand. Particularly, Tron CEO Justin Sun points out that Tron (TRX) is already accepted by the Canadian pornography giant. He also plans to add the support for Tron-based USDT. As reported by U.Today, USDT-TRC20 would be able to become the biggest stablecoin.         

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Meanwhile, Changpeng Zhao, the CEO of the Malta-based cryptocurrency exchange, believes that it sounds like an opportunity for crypto. Some of his followers suspected that a partnership between Binance and Pornhub could be already in the works.    

Earlier in November, NetCents, the partner of Pornhub, added support for Ripple's XRP. Hence, it led to speculations that the adult entertainment behemoth could also embrace the third biggest token.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Ethereum’s Vitalik Buterin: Fiat Money Will Not be Destroyed

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  • Vladislav Sopov
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    Vitalik Buterin, Co-Founder of the Ethereum Foundation and “father” of Ethereum, sat down with Eric Weinstein on The Portal podcast to discuss “old” and “new” economics.

Vitalik Buterin, Ethereum: Fiat Money Will Not Be Destroyed
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Contents

Two intellectuals, Vitalik Buterin (Creator of Ethereum), and Eric Weinstein (PhD, scientist, and Managing Director at Thiel Capital), recently sat down on The Portal to discuss Mr. Buterin's attitude towards the "classic" economics theory.

Libertarianism and Diversity

When both individuals discussed libertarianism, Vitalik Buterin said that libertarians mostly belong to two large groups characterized as either a "leave me alone'" or "conquer the world" approach. This divergence can be extrapolated into cryptocurrencies in terms of their mass adoption.

Mr. Buterin highlighted that there are participants within the crypto community that are assured that fiat currencies will be destroyed and replaced by Bitcoin (BTC). In general, Mr. Buterin estimated that the prospects of any "short-term disruption" for the sake of some "nebulous long-term gain" is skeptical. He said:

I'm definitely not in the camp that actively relishes that fiat currencies will be destroyed. 

Mr. Buterin added that several members within the Bitcoin community share this belief.

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Peaceful Coexistence

Vitalik Buterin predicts that Bitcoin and other cryptocurrencies will coexist with fiat money and balance the disadvantages of the classic monetary system. He also added that cryptocurrencies will provide "checks and balances" against a government monopoly on "issuing money" rather than "replacing it entirely".

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Mr. Buterin is well-known as a champion of pluralism in future world of cryptocurrency. He is sure that different communities will defend their views on its development.

Will crypto one day replace fiat money? Tell us your opinion on Twitter.

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About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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