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

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

Pornhub Models Lose PayPal Payouts. Bitcoin, XRP, Tron Come to the Rescue
Cover image via pixabay.com

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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Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security

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  • Alex Dovbnya
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    Ripple makes a final push to dismiss the damning class-action lawsuit ahead of a court hearing that is scheduled for January 2020

Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security
Cover image via 123rf.com

Ripple has once once again asked a federal court to dismiss the pending class-action lawsuit over selling illegal securities, a new court filing shows.

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The company reiterates the same "statue of repose" argument, which means that the plaintiffs failed to meet a legal deadline for filing the suit. Ripple started selling XRP to retail investors back in 2013, which means that it was way too late to bring legal actions against it back in summer 2018 after a bar to a lawsuit was imposed in 2016.    

The blockchain behemoth also continues to insist that XRP is not a security, but it called this issue "irrelevant" to their latest motion, which is why it didn't address this point in-depth. It's not the first time that Ripple tries to dodge the big question that is the cornerstone of the long-lasting legal battle. 

"XRP is not a security, but that is irrelevant for purposes of this motion. Even if XRP were a security, Plaintiff's claims still fail as a matter of law,” the filing said.   

Ripple's previous attempt to throw the suit out of the court didn't bode well. As reported by U.Today, Bradley Sostack, the leading plaintiff in the ongoing case, believes that the defendants are still liable for selling illegal securities. The parties are expected to duke it out in court in January 2020.  

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XRP's status as a security remains a point of contention within the cryptocurrency industry. Crypto influencer BitLord recently slammed Ripple for dumping their native tokens on investors to acquire businesses.    

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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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