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Verge (XVG) Is Not Slowing Down, Collaboration with TokenPay Is the New Goal

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Verge (XVG) disappointed many with the token price after revealing partnerships with Brazzers, PornHub, and other companies. However, the team behind it is still ready to make new progress and suffers no setbacks.

TokenPay’s plans for the future

Recently, TokenPay mentioned that the new partnership with Verge might soon come to pass, and it might also bring even the XVG debit cards.

A recent tweet by TokenPay states that they signed a bank deal in Germany, which supposedly happened weeks before it was expected. They also said that closing is to happen soon, probably before the following weekend. However, it will be followed by an official announcement. Finally, the tweet also mentioned that XVG and TPAY debit cards should be expected soon.

When it comes to TPAY, this is an anonymous and a very secure blockchain project that came from TokenPay’s ecosystem. Initially, the platform only consisted of a P2P transactional system which guaranteed anonymity. This very system is what will make use of TPAY tokens, which will be the exchange’s base model.

According to the team, transfers from one wallet to another can be done in an instant, and all it takes is about two seconds for the process to be completed. The network on which it is done is a TOR network which is also driven by a blockchain. The desktop wallets allow for staking coins, as well as receiving rewards, and the very act of staking will be the power of the decentralized network. It is also the reason for the speed of transactions.

An additional statement from the team says that there are currently tens of thousands of individuals who are committed to staking TPAY. Their numbers are growing on a daily basis, and one reason or this is that TPAY is currently the only one with a proof-of-stake Android wallet for Bitcoin on the market. Not only that, but the team is also working on developing a version of it for iOS users too.

The goal here is to make the trade be as automatic as it possibly can through a decentralized exchange. Along with that, they are including an atomic swaps support, which will include BTC, TPAY, EFIN, and XVG.

Both sides can benefit

Regarding the partnership between TokenPay and Verge, TokenPay stated that they already contributed around 66,500,000 XVG. This was given to the crowdfunding campaign that Verge runs so that the major coin deal and partnership between the two entities will be beneficial for both of them, as well as their communities.

The mutual goal here is for them to become one of the 10 biggest contenders in the world’s crypto market, and both teams are dedicated to reaching this goal. Additional information about the partnership will be released publically, but for now, it is known that the alliance will include both XVG and TPAY debit cards.

Another tweet by TokenPay stated that in their search for transparency, they wish to inform their community on every step of the way. Because of that, they promised more information after the transfer of shares. The important thing here is that the deal was already signed.

There was also a tweet from XVG core team member, Cees Van Dam. Van Dam said that Verge always delivers, even though they can be a bit late sometimes. All that the team needs currently is the community’s patience, and everything will come in due time.

Verge can now also be found on BitPro, and it is available for trading, along with additional 11 cryptos. XVG’s current price is at about $0.072, which is due to a 12% increase that happened in the last 24 hours. Its market cap is estimated to be at $1.076 billion, which ranks Verge at the 25th place.

A Twitterati, Vegan Folkert, stated that Verge is advancing rapidly with these partnerships and integrations.

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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 Jan S0L0 via Flickr

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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