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MasterCard and Visa will stop processing cards for Pornhub

49 points| A4ET8a8uTh0 | 5 years ago |financialpost.com | reply

22 comments

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[+] Orochikaku|5 years ago|reply
I believe this is exactly what cryptocurrency was made to solve, to prevent legitimate businesses from losing a major revenue stream at the behest of a select few payment processing companies.

It doesn’t help that the major players in payment processing seem to often work in lockstep, being banned on one platform often leads to being banned on another.

While I recognise cryptocurrencies are far from a perfect solution, short of legislation, which is even less of a perfect solution, cryptocurrencies democratise payment in the digital sphere, free of institutionalised, arbitrary gate keepers.

[+] motoxpro|5 years ago|reply
Crazy and sad to me that THIS is what motivates you to advocate for cryptocurrency. Underbanked? Sure. Government turmoil and inflation? Yep. Sex trafficing 13 year olds. Na, probably shouldn't be allowed to profit off of that. Take that stuff off and all good, you're back to taking payments. ezpz. If those "gatekeepers" are literally saving lives, I'm all for it.
[+] aNoob7000|5 years ago|reply
This is my biggest fear with everything going towards digital payments. What's to stop the government from saying you can't buy porn, liquor, or video games? I know it sounds extreme but so many things are barely acceptable in society.
[+] friendlybus|5 years ago|reply
That already happened to political groups. Money is life and death these days.
[+] iaHN|5 years ago|reply
You mean like marijuana?
[+] andrewzah|5 years ago|reply
Good. If they fail to regulate the porn that gets uploaded, then they deserve to have payment processors pull out.

If you want porn, pay a more ethical publisher.

[+] mlonkibjuyhv|5 years ago|reply
Does this mean that Visa will go the way of the Betamax?

I can't wait to get a slitcard for my new account in the spankbank.

[+] anshumankmr|5 years ago|reply
Honestly, it's better this way. Fuck PornHub. They keep trying to whitewash themselves but they aren't regulating what's on their site. I remember hearing about an incident a few years ago involving a young couple where the boy uploaded a video of them having sex and the girl never knew it was recorded and uploaded. She ended up committing suicide. And then there's the problem of CP which many articles have explored in depth.
[+] LatteLazy|5 years ago|reply
Title is wrong, visa have not responded to a request for comment.
[+] A4ET8a8uTh0|5 years ago|reply
VISA's response is currently:

"Given the allegations of illegal activity, Visa is suspending Pornhub's acceptance privileges pending the completion of our ongoing investigation. We are instructing the financial institutions who serve MindGeek to suspend processing of payments through the Visa network."

Based on that, the title is still accurate.