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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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