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Pornography is big business. So when Porn.com — one of the world’s largest pornography outfits — announced they would be accepting bitcoin in December of 2013, there was immense interest.
Very quickly, 10 percent of the website’s sales came from bitcoin purchases — going so far as 50 percent in early January, following a post on social sharing website Reddit.
But for now, Porn.com’s bitcoin sales are at 25 percent — or a quarter of all purchases made. When you think about it, that’s pretty incredible. This raises the question: is the porn industry and bitcoin a match made in heaven?
“I definitely believe that porn will be bitcoin’s killer app. Fast, private and confidential payments,” says Porn.com’s marketing director David Kay to The Guardian.
Just this weekend, another porn outfit, Brazzers, suggested they might soon be accepting bitcoin.
Porn.com is seemingly so enamored with bitcoin that they’re actually offering their domain name up for sale in exchange for the digital currency. The cost? A cool $50 million USD — or nearly 58,000 BTC at the current exchange rate.
