The famous pizza purchase of 2010 that was worth 10,000 Bitcoin (BTC) will go down in history as the first time cryptocurrencies were used for a major purchase. Some crypto-traders view it as the most expensive pizza but others view it a necessary step forward towards the mainstream adoption of cryptocurrencies for the use in purchasing goods and service.
So How is the Verge (XVG) Currency Leading the way in crypto adoption?
The most notable merchant that many crypto-enthusiasts know that accepts Verge (XVG) is Pornhub. Users can now use XVG to pay for their subscriptions discretely using the privacy setting on the XVG ledger. Given the fact that the adult film industry is worth a whopping $92 Billion (according to 2017 data), you can now start to see how XVG is leading the way in crypto adoption.
Following the Pornhub announcement that it will be accepting XVG, TrafficJunky followed suit and also announced that they will be accepting XVG. TrafficJunky is the largest adult industry advertising service that helps its clients advertise on sites such as Pornhub. The latter receives up to 90 Million unique visitors per day.
More merchants and vendors accepting XVG
Browsing the Verge Currency website, we find a list of 111 businesses that accept XVG as a form of payment. This is an impressive figure. Some of the vendors expressed their views as to why they chose Verge as an acceptable form of payment at their businesses.
Jeremiah Selander, CEO of Baby Bass, had this to say about why they chose to accept XVG:
“Some of the products we sell have a low margin. Accepting Verge over regular credit cards helps improve that margin for some of those orders.”
Similar sentiments were expressed by Joel Schuberg of Blunt Umbrellas: a business that also accepts XVG:
“Accepting crypto as a payment option was a no-brainer. we wanted to partner with a cryptocurrency that had a strong community, solid history, and an exciting future. That was Verge.”
The near instant settlement of XVG was praised by John Hanby of Fractal VIsuals that also accept Verge Currency:
“Incorporating faster payment technologies like Verge, which offers ultra-low processing fees and near instant transaction speeds, allows us to further increase the speed at which our company is able to process payments”
In conclusion, it is self-evident that the Verge (XVG) is making major strides that will lead to the mainstream adoption of not only XVG but all cryptocurrencies in general. One hundred and eleven merchants accepting XVG is a praiseworthy achievement.
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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.
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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
3 Coins with the Largest Potential in 2019
2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.
The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…
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