First Cryptocurrency Used by Pornhub Eyes New Use Case in Mobile Charging

Cryptocurrency project Verge, previously adopted for payments by Pornhub, is forging a new role as a means to pay for mobile charging.

• Verge Currency announced Tuesday it has teamed up with a U.S.-based firm called Voice Life to develop a new mobile charging device that accepts XVG$0.005570 as payment.
• The tech will be on display at the Consumer Electronics Show in January 2021.
• When launched, users will be able to use the VergePAY platform to fund a two-minute charge of mobile devices. XVG is the only cryptocurrency the system will use, a Verge representative told CoinDesk.
• The system will use a Far-Field Wireless Power Charging System from Voice Life. This "will ultimately convert ambient terahertz waves into storable energy," according to the firm's website.
• Voice Life CEO Robert Smith said, "The 'holy grail of blockchain technology' is going to be a real-time application that extends its utility beyond just improving financial transactions. We believe we are developing that application with Verge."
• Pornhub previously used verge as its only cryptocurrency option for performer payouts after PayPal withdrew its services from the company. It has since added the USDT$1.0004 stablecoin and TRX$0.3080. More recently, it added bitcoin and litecoin payments.

Also see: PayPal’s Axing of Pornhub Model Payments May Boost Crypto Conversions