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TokenPay Announces Verge (XVG) Debit Cards Coming Soon

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Verge
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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.

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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

Ripple XRP Mega Breakout: What’s Next?

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Ripple XRP mega breakout
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The Ripple XRP mega breakout that we were calling for happened and happened much quicker than anyone expected. As we said yesterday:

Nonetheless, IF, Ripple is capable of going ‘topside’ of the .38 figure at any point in the days/weeks ahead, such development, should it occur, would likely trigger its next advance into the .42 – .47 zone, representing a 30-40% move from present levels. On the flip-side, the .25 – .26 area should offer short-term potential support.

XRP is now sitting at .51704  as we write this article this morning, representing gains of 61% since we alerted our readers and our Global Elite email newsletter members.

Ripple XRP Mega Breakout

The Ripple XRP mega breakout is significant because it’s the first time XRP has been above its 50-day moving average since May. Right now, the RSI is approaching 80, so we are in overbought territory and we expect the price to consolidate around the .42 to .47 level before resuming its uptrend.

While some are looking at this as an opportunity to short XRP, we are not of that camp. While some can book some profits and use a trailing stop, any integration of XRP with xRapid has the ability to create a tremendous move in XRP. As Travis Kling said this week on the Off the Chain podcast with Anthony Pompliano, XRP could be the quickest five-bagger investors…

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Altcoins

Litecoin Cash (LCC): The potential mover?

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Litecoin Cash
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Litecoin underwent a hard fork in the past, and that is what led to the creation of Litecoin Cash. Bitcoin has also experienced a hard fork, which has led to the creation of Bitcoin Cash, so this trend is not necessarily brand new.

Forks have occurred pretty often now in the cryptocurrency community, and the perception is that it probably will continue to, as long as the need (forks are often created to overcome issues faced by the originals) remains there.

While the market has been bearish for most of the year, it has been showing some definite signs of life, especially when we look at the kind of price action that has been happening with Ripple recently. Litecoin is also rising in anticipating of its hard fork, which is to be expected.

For those who are unaware, Litecoin Cash was created earlier this year. 10 Litecoin Cash was given to every investor who had 1 Litecoin – and that one move, it’s easy to see, was very massive concerning value.

Charlie Lee, the founder of Litecoin, has come out against LiteCoin Cash, calling it a scam. Many cryptocurrency influencers have come out against Litecoin cash, although there are still others that believe that this is only because the project threatens them.

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Altcoins

The Stage is Set for Stellar XLM vs XRP

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XLM vs XRP
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The digital asset of XRP, did something spectacular on the 18th of September when it shocked the crypto-markets by rising in value by 21%. In a time period that was less than 5 hours, XRP spiked from levels of $0.273 to those of $0.332 and has continued rising. The digital asset is currently valued at $0.36.

xRapid Factor

The reason for the sharp increment in value of XRP was news that the Ripple company was going to launch xRapid in the next month or so. This was after the firm’s head of Regulatory relations for Asia-Pacific and the Middle East, Sagar Sarabhai, made the following comments during a CNBC interview on the 17th of September:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.”

Stellar’s Cross-Border Payments

The news of Ripple launching xRapid has come 2 weeks after the Stellar project and IBM, announced that they were entering the industry of cross-border payments through their new service known as IBM Blockchain World-Wire. The new payment settlement service has been quoted as being ‘near instant’ meaning that it will probably rival the transactions time seen in the xRapid pilot tests of 2 – 3 minutes earlier on in the year.

Stellar Acquiring Chain

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