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TokenPay Buys Stake In German Bank, Organizes Amsterdam Meetup With Verge (XVG)

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The writing seems to be on the wall in terms of figuring out if the much-anticipated partnership between top privacy coin, Verge (XVG) and the payment platform known as TokenPay, will happen. With regards to the latter, details have emerged of TokenPay having acquired a stake at German bank WEG Bank AG. In the announcement on the TokenPay medium page, the following was said:

Today we are announcing that we have officially closed a deal with WEG Bank AG, located in Germany. WEG Bank has also made an announcement of the partnership on its website. Share certificates representing 9.9% of the equity interest in WEG Bank AG have been transferred to TokenPay Swiss AG, along with options to acquire an additional 80.1% of the bank upon customary regulatory approval. The proceeds of this transaction were derived from our December 2017 token sale. As outlined in our Whitepaper roadmap we have completed this partnership during Q2 2018, in line with our November 2017 projections.

This announcement adds to the already budding profile of TokenPay which is a project for a decentralized and self-verifying payment platform. With this announcement, TokenPay and WEG Bank AG will have an opportunity to offer FineTech solutions to its customers. TokenPay also has opened the door for talks with an undisclosed bank in Lichtenstein that also sees the future in terms of offering FineTech solutions to its customers and embracing blockchain technology.

The above news adds to the speculation that TokenPay and Verge are on the cusp of shaking hands and sealing a deal in terms of a solid partnership. With a Meetup co-hosted by the two organization scheduled on June 9th and in Amsterdam, the possibility of a partnership can be seen through a recent tweet by @vergecurrency of a T-Shirt with both their logos fused into one.

Verge/TokenPay T-Shirt

If the Verge/TokenPay partnership does materialize, it opens the doors for numerous opportunities for the two to collaborate beyond the highly anticipated debit card option. The debit card will allow XVG owners to purchase goods and services like they would with a regular bank backed debit card.

Other Banking FineTech solutions that might materialize through the partnership, are a Banking App on the blockchain that performs the same functions as the above-stated debit card: scan a QR code and input a password to complete the sale. Another FineTech solution would be a one-stop checkout for all your XVG supported subscriptions e.g Pornhub and TrafficJunky.

Looking at the crypto-market, XVG is still trading below 80 cents and at $0.0747 at the moment of writing this. With the halving of the block reward for miners, less XVG will be minted into the market hence reducing the incoming supply. As a result, XVG has a chance at increasing in value as seen in Litecoin which also halved back in 2014.

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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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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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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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