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After Making a Deal with MindGeek, Verge (XVG) Now Wants Spotify too

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Verge
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Crypto enthusiasts only had a week to adjust to Verge’s recent victory involving the adoption of cryptos, when Verge (XVG) decided that they are still not done with their business deals. Another collaboration may be entered quite soon.

It has been a week since Verge managed to enter the partnership with MindGeek, which was considered to be one of the greatest victories for cryptos to date. However, this currency is not showing any signs of stopping when it comes to achieving what was seen as nearly impossible only a few years ago. They are now considering making the next historic deal, and this time, the aim is set at the music streaming giant – Spotify.

Verge wants Spotify

Verge core member which is in charge of recruitment and social media, Cees Van Dam, has decided to call out to XVG’s community. Van Dam wanted the VergeFam to add their support to a campaign that has a goal of getting Spotify to adopt cryptos as well.

He posted a tweet in which he asked XVG’s followers to give their thoughts and vote on a new proposal that would demand that Spotify makes a formal evaluation of Verge cryptocurrency. The goal of this act is to determine whether XVG is good enough to be added to this music streaming platform.

The tweet received a lot of support and attention and was retweeted and favorited several hundreds of times.

A Verge volunteer that goes by “Dan” is the one responsible for this suggestion. He pointed out to Spotify that partnership between Verge and MindGeek was a “monumental accomplishment”. He also called the potential partnership with Spotify “a huge business opportunity”.

Another thing that Dan informed Spotify of is the fact that any positive outcome regarding the proposal would be supported by Verge’s enormous community. The community itself is constantly searching the Internet in search of new resources, all for the purpose of letting the consumers take full advantage of every new partnership.

The idea of partnership gains popularity

There is a great chance that Spotify will see the potential that this offer carries. The suggestion proposed by Dan is one of the highest ranking ideas on Spotify’s page called “Top Ideas“. Whether the company chooses to act on this idea or not, they will definitely at least see it.

VergeFam’s members seem to be extremely encouraged by Verge’s recent successes, and it would seem that they have even developed a habit of finding the new potential partners for Verge. Not only that, but the members themselves choose to take the first step when it comes to approaching the companies that might make a good match.

There were many suggestions that appeared recently, and some of the most important ones include Tinder, as well as Stripe. The wish list also treats Netflix as one of the most desired potential partners, but whether one or more of these companies will be interested still remains to be seen.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Jon Åslund via Flickr

Altcoins

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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