Pornhub to Accept Tron’s Cryptocurrency, Whose Founder Just Bought BitTorrent
The pornography industry is often an early adopter of new tech. And so it has come to pass with the highly volatile world of cryptocurrency, the internet’s decentralized and encrypted electronic cash networks.
Pornhub, one of the world’s biggest pornographic-video sites, is expanding its cryptocurrency-payment options to soon accept Tron, founded by Justin Sun — the Chinese entrepreneur who recently acquired file-sharing software company BitTorrent.
Sun bought BitTorrent for $118 million in cash (not Tron’s Trx cryptocurrency), according to a source familiar with the situation. Investors in BitTorrent, which was founded in 2004 and has had a long legacy of being used for piracy, included Accel Partners and Dcm Ventures. A rep for Tron declined to confirm the purchase price.
Sun evidently wants to use BitTorrent to expand the reach of Tron. According to Tron, it “aims to be a decentralized entertainment content-sharing platform eventually leveraging blockchain and peer-to-peer network technology.
Pornhub, one of the world’s biggest pornographic-video sites, is expanding its cryptocurrency-payment options to soon accept Tron, founded by Justin Sun — the Chinese entrepreneur who recently acquired file-sharing software company BitTorrent.
Sun bought BitTorrent for $118 million in cash (not Tron’s Trx cryptocurrency), according to a source familiar with the situation. Investors in BitTorrent, which was founded in 2004 and has had a long legacy of being used for piracy, included Accel Partners and Dcm Ventures. A rep for Tron declined to confirm the purchase price.
Sun evidently wants to use BitTorrent to expand the reach of Tron. According to Tron, it “aims to be a decentralized entertainment content-sharing platform eventually leveraging blockchain and peer-to-peer network technology.
- 26/6/2018
- de Todd Spangler
- Variety Film + TV
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