A Panel of Experts See Bitcoin Averaging $12,948 by Year End

1h
thebitcoinnews

Crypto Adoption: Newly Launched Binance Card To Serve 60 M Plus Merchants Across Europe

1h
coingape

Economic Expert: Libra, Interesting But Will Never Launch

1h
coininsider

Can Chainlink’s Market Cap Surpass That Of BCH and BSV Combined?...

1h
zycrypto

Investors Expect Chainlink To Reach $10 Before Bitcoin Recaptures $10,000

1h
zycrypto

Appeals Judge Allows NY Investigation Into Tether Stable Currency

1h
livebitcoinnews

Did this Texan falsely file for PPP loans only to buy crypto with the funds?

2h
zycrypto

Did‌ ‌this‌ ‌Texan‌ ‌falsely‌ ‌file‌ ‌for‌ ‌PPP‌ ‌loans‌ ‌only‌ ‌to‌ ‌buy‌ ‌crypto‌ ‌with‌ ‌the‌ ‌funds?

2h
zycrypto

Chainlink Sees “Off the Chart” Exchange Inflows as Whales Look for an Exit

2h
bitcoinist

Bitcoin Could Soon Enter a Bull Run, Indicator Shows

2h
cryptoglobe

Why Bitcoin.org’s secret owner wants Bitcoin price to stay in the...

2h
zycrypto

Binance Rolls Out Crypto Debit Card in Europe and UK

2h
zycrypto

From Politics to Crypto: The BTC Journey of Craig Bergman

3h
livebitcoinnews

Block Crunch - Why Avalanche is Not an Ethereum Killer - John Wu, Ava Labs

3h
letstalkbitcoin

Nearly 60% Of Bitcoin Investors Say They’ll HODL To The Grave If The Price Stays Below $10,000

3h
zycrypto

US Army Requests Information on Tools to Track Cryptocurrency Transactions

4h
thebitcoinnews

Bitcoin & Cryptocurrency FinTech Apps Outperform Non-Crypto Peers: Report

4h
coingape

Bitcoin Closing Beneath One Crucial Level Could Decimate Altcoins

4h
bitcoinist

TTS 266 Elections, Lockdowns, Protests, and Liberty: Live from PorcFest with Ernest Hancock

4h
letstalkbitcoin

Cryptocurrency News Roundup for July 14, 2020

5h
beincrypto

Strong fundamentals mean Cardano (ADA) could keep up with its July rally

5h
cryptoslate

Bitcoin's Price Stability Is a ‘Good Thing’, Bitcoin.org Co-Owner Argues

5h
cryptoglobe

The Hash Ribbon Is Back, Suggesting further BTC Gains

5h
livebitcoinnews

Litecoin vs Bitcoin – The Main Differences Between These Two Cryptos

5h
thebitcoinnews

Crypto Influencers Indicate A Bubble As DeFi Hits New Highs

5h
coingape


TRON Foundation’s Pornhub Acceptance Announcement Backfires

beincrypto

8mon ago

Justin Sun, the founder of the TRON Foundation, has been known around the cryptocurrency space as someone who loves the hype train. He has jumped on every opportunity to pump TRX, including setting up a botched lunch with Warren Buffet. Given his love for the spotlight, Crypto Twitter has become inimical to most of his announcements.

The latest in Justin Sun’s pump attempts was announcing an initiative that positions TRX as a solution for adult actresses and models to receive payments from Pornhub.

For further context, news broke out last week that PayPal won’t be processing payouts for the popular adult content website — a decision that would potentially leave hundreds of thousands of models and performers on the platform stranded.

Giving the opportunity that this brought, the TRON Foundation and Justin Sun immediately swooped in to promote TRX. The latter came out with guns blazing to declare to all Pornhub models that TRX is their solution.

.@Pornhub accepts $TRX payment. We need to add USDT-TRC20 supports too. #TRON #TRX https://t.co/2cK6jgqP3e

— Justin Sun (@justinsuntron) November 14, 2019

A couple of days later, the TRON Foundation tweeted that it provides payment integration for Pornhub, meaning that performers could now get paid with TRX.

Sadly, it didn’t take long for the gaffe in this to be spotted.

Pornhub announced that all its models have been ditched by payment giant PayPal. Don't worry, #TRX is already accepted on Pornhub. You can pay with TRX instead of Paypal now. #TRONhttps://t.co/RWF80QKi6B

— TRON Foundation (@Tronfoundation) November 17, 2019

Replying to the company, Udi Wertheimer, a popular Bitcoin commentator and host of the Reckless Review podcast, pointed out that models needed help receiving payments — not making payments. PayPal had blocked payouts from Pornhub; a problem that the TRX integration can not solve since it can only be used to send payments to Pornhub.

For a person who loves to promote, it has been suggested by many that Justin Sun should learn to pump the brakes. Several attempts at building anticipation for TRX this year alone have failed — including a $4.6 million offer to have dinner with billionaire investor Warren Buffett, an arrangement which ultimately fell through and for which Sun had to apologize.

However, not all of his announcements are meaningless. Earlier this year, Samsung added support for TRON, thus providing support for the asset and other TRC20 tokens.

Images courtesy of Twitter.

Did you know you can trade sign-up to trade Bitcoin and many leading altcoins with a multiplier of up to 100x on a safe and secure exchange with the lowest fees — with only an email address? Well, now you do! Click here to get started on StormGain!

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments