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TokenPay Announces Verge (XVG) Debit Cards Coming Soon

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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.

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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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