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TokenPay Announces Verge (XVG) Debit Cards Coming Soon

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Verge

Verge seemed to be doing more than then well as XVG, along with the majority of currencies in the market, was trading in the green while trying to draw a rebound out of the latest dip that lasted for more than eight weeks. However, the thing that placed Verge in the spotlight of today’s news from the cryptoverse is the fact that TokenPay has just signed a deal with a German bank. Thanks to this deal made by TokenPay, Verge will make it to the new level of exposure and mass adoption with XVG debit cards being released pretty soon. Let’s go through the details revolving around this deal, as well as to analyze potential gains for Verge in this story.

How Verge Found Support in TokenPay

Verge seems to have found an amazing ally in TokenPay, as TokenPay even supported XVG in the crowdfunding campaign they have launched in order to collect 75 million XVG for the purpose of acquiring a very important partnership that later on turned out to be the start of an important collaboration between MindGeek and Verge.

This partnership will lead Verge towards being used as a payment method on one of the largest adult entertainment platforms, Pornhub.

When asked about the reason for aiding Verge in acquiring this partnership, TokenPay representatives stated that the further step and their collaboration with Verge on their next project depend partially on the funded partnership.

Later on, we were able to find out that TokenPay was planning on buying off 9.9% of a German bank located in Munich, which would lead to the next stage of crypto mass adoption.

Just like XVG found a real-life purpose and application with MindGeek partnership, that is exactly how the mass adoption process for XVG would be further supported by TokenPay and the German bank project.

TokenPay representatives also explained how they are planning on buying off the mentioned percentage of shares in this bank so they would be able to launch crypto debit cards. Verge (XVG) would be the first currency to get its debit card with TokenPay and this project.

Litecoin, as concluded from the recent live tweet session between TokenPay and Litecoin, should probably be the second crypto to get its debit card with TokenPay.

TokenPay Announces Verge Debit Card

TokenPay has announced today, via their official Twitter account, that they have officially signed the deal with the mentioned German bank. Further, in the tweet, they have stated that they have managed to get the deal signed a couple of weeks before the initial deadline. They are now expecting to officially seal the debit card deal by the end of the next week, which would be the first week of May.

The statement also included the announcement that TPAY and XVG will very soon get their own debit cards.

This is an amazing move, both for TPAY and XVG, as both of these digital assets have managed to acquire a direct gateway towards the mainstream waters of global payments.

It is expected, due to this case, to see a consequent rise in the trading volume of Verge units.

How is Verge doing at the Current Moment?

Although the majority of currencies are rising in accordance with the latest market trend, it seems that XVG is having a rough time as this currency is trading in the red at the current moment.

Following the latest change in the market, Verge has gone through a drop against the dollar, which means that XVG just went down for -4.48% against this fiat currency. In addition to the mentioned drop, XVG is also trading in the red against BTC for -4.08%.

Even though the deal between the mentioned German bank and TokenPay has been officially confirmed with XVG waiting for its debit card, there still hasn’t been a positive reaction in the market.

However, it is expected to see Verge surging once the cards are officially issued. At the same time, XVG will be entering a radical mass adoption phase, that way being sky-rocketed and introduced to the mainstream waters of global payments.

After the latest change in the market, Verge can be traded at the price of 0.068$ per one unit, which is still far from its all-time high of around 0.22$ per one XVG as recorded back at the end of December of 2017.

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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.

Image courtesy of Thomas Kohler via Flickr

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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