Connect with us

Bitcoin

Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and Monero [XMR] accepted for payments by adult site CamSoda

Priya

Published

on

Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and Monero [XMR] accepted for payments by adult site CamSoda
Source: Unsplash

Bitcoin [BTC] and other cryptocurrencies in the market have been trying to gain more adoption in terms of real-world use-cases. One way of doing this is being accepted as a mode on payment in exchange for services. One of the main industries that have taken the lead in this regard is the adult entertainment industry. CamSoda, an adult entertainment company, announced cryptocurrency payment support for most of the leading cryptocurrencies in the market.

The first digital currency accepted by an adult site was Verge [XVG], a trendsetter in the cryptocurrency space. After a huge marketing round over a “mysterious” partnership that was billed as the “biggest collaboration in the entire industry,” the Verge team announced its partnership with PornHub, a popular website for adult content.

This partnership received both positive and negative responses from the cryptocurrency space, with a majority stating that it could push forth cryptocurrency adoption. The next notable announcement was Tron [TRX], currently the eleventh-largest cryptocurrency, being accepted as a mode of payment on PornHub. Additionally, the two coins also gained support from Brazzers, Natakugames, and Traffic Junky.



The acceptance of cryptos for payments by CamSoda is the latest affair between the adult entertainment industry and cryptocurrencies, Hard Fork reported. The leading adult industry player will allow its users to purchase tokens with seven different digital currencies. The cryptos listed on the platform are Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Litecoin [LTC], Monero [XMR], Tron [TRX], and ZCash.

Source: CamSoda | Hard Fork

Source: CamSoda | Hard Fork

Daryn Parker, VP of CamSoda, said in a statement to Hard Fork,

“Now that we are seeing more adoption of the technology, we decided to give our users what they’ve been asking us for some time”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

News

HitBTC responds to allegations of insolvency, refutes claims made by Redditors

Avatar

Published

on

HitBTC responds to allegations of insolvency
Source: Unsplash

HitBTC, a Hong Kong-based exchange has been the center of accusations among users on Reddit, Twitter, and other forums. HitBTC users started complaining about issues regarding withdrawal and extensive procedures after one particular user @ProofofReserach put out a thread alleging insolvency of HitBTC.

To put an end to all the accusations, HitBTC has broken its silence with a blog post explaining their side of the story. According to HitBTC, their systems performed well during the winter of 2017-18, however, HitBTC mentioned that due to overwhelming demand for the services, they experienced bottlenecks at an operational level.

Referring to the BitcoinExchangeGuide article, HitBTC responded:



“A widely quoted article, in its entirety, is based on only 2 AML cases. One of them was initiated as part of the investigation into the December, 2018 BTCP security breach, at the request of the coin’s core team. Unfortunately, there is no clear indication of the nature of the second case that can be discerned from the article. The author of the article failed to track the deposit/withdrawal dynamics that did not uncover any irregularities. A simple block explorer or our public System Monitor would suffice for these purposes”

Additionally, referring to the altcoins being added and removed from the platform, the exchange said that they were honored to work with a diverse range of projects, however, since the crypto sphere was still nascent, there were lapses in their judgment in assessing the integration partners. With the above-mentioned prominent cases, HitBTC also addressed other topics.

@ProofofResearch replied to HitBTC’s blog:

“Is there a reason why you’re unable to tell people us where your Bitcoin storage is at? If what I published is as untrue as you claim it is, then providing a wallet address where your Bitcoin funds are stored will go a long way in *proving that*.”





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending