At this point, we don’t know exactly what could be bad for the crypto environment; the potential failure of Mindgeek modernizing Verge (XVG) or if it happened to be real the rumors that Verge has been targeting Paypal (NASDAQ:PYPL) before closing a deal with Pornhub. But anyway, does this mean Verge and Paypal can potentially work together any soon?
Nothing to be alarmed for! It is well-known that Verge is accepted as a payment method on several websites related to entertainment films for adults. However, all of the speculations that were so heated around the topic before the 17th have declined to go away. In fact, now the main concerns about the XVG token, are what could it be its next potentially huge and remarkable partnership, instead of how the Verge price will look like in the next few weeks.
Even though at the moment there’s actually not a key reason to believe such actions may happen, disregarding the subject would be ignoring some of the facts that have been shining sparkle in the panorama.
Potential reasons why a partnership between Verge and Paypal might be happening
So, what are the actual reasons to believe a potential partnership betwixt Verge (XVG) and Paypal (PYPL) could be a real thing? Many may think it is not possible, considering the fact that Paypal has been very severe when it comes to putting rules against cryptocurrencies. Yes, that we can’t deny, but still there are a couple of pieces not fitting in the puzzle.
For instance, we can quote the recent “fake” emails that were sent to a great number of Paypal users, an issue to which the digital payment platform still hasn’t responded in an appropriate way.
Regarding the matter, besides responding to the inquiries of users under concern, the payment platform has not made an official statement yet, an action that perhaps could encourage a little to less demeaning appreciation about cryptos. As a consequence, this allows Paypal to analyze better the privacy features Verge offers.
It is very likely that this snatched data hasn’t been extracted from the data servers of Paypal. However, still proves how fragile privacy looks like for this platform, and it may make developers think about protocols such as Wraith, Tor, or i2p in order to protect better the data stored on the servers. Also, a unique opt-out and a logic switching between public and private layers is something developers should take into consideration for making such integration a possibility.
The whole situation opens the door for questioning privacy, and consequently, looking for a solution. In fact, until Paypal decides to make an official statement regarding this, the hidden message will be “maybe we need the help of cryptos in order to provide data privacy”.
So the truth is, Paypal (NASDAQ:PYPL) needs tools and technologies to improve the privacy they provide, and the main candidate to make this happen is Verge (XVG).
Furthermore, the partnership Verge may be trying to make with Pornhub could possibly be a stimulant in the whole Verge (XVG)/Paypal (PYPL) pair. As a matter of fact, around 100 million people visit the adult entertainment site every day, many of which have a Paypal account and use it for paying these services.
The same way, privacy is one of the things people who frequently visit these sites value the most, and guess who can surely provide that anonymity? That’s right! Verge seems to be the perfect candidate for this position.
Can you imagine a deal allowing to buy XVG using Paypal directly? Or transforming XVG into fiat using the PayPal platform? That would definitely create a growth environment for both companies, and even better, for the whole crypto sector.
Verge represents a great opportunity in an industry that every time seeks more solutions based on the blockchain. From faster transactions to low fees and privacy, blockchain technologies have the best of the best.
In the meantime, Verge (XVG) continues having a great performance passing from a -30% decrease to a -5%, a boost of 12% that granted the coin with the value of $0.070 against the United States Dollar. But the road does not finish there, it all appears that if the bullish behavior continues as currently, the coin possibly will reach the $0.1 value this weekend.
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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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