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

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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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