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Here Is How Verge (XVG) is Leading The Charge in Crypto Adoption

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Verge
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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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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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