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

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Verge
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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