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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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