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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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
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