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Verge (XVG) sets the tone for mass adoption with FLOGmall

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Verge (XVG) has become one of the best-known cryptocurrencies over the last sixty days, especially when their mystery partnership  (on April 17th) became public. It was a MindGeek‘s partnership that allowed XVG to become a payment method for Pornhub. While this was very misunderstood, it left no doubts that it was profitable for both parties, especially Verge, as it can only increase XVG’s exposure and demand.

The current market trend is bringing XVG down against the dollar, as it went down by 19% in last seven days. But Verge is focusing on making sure its coin and technology are adopted massively. Let’s have a look at how they are going about that.

Verge’s listing announcement on BiteBTC

The XVG team announced a couple of days ago, via their official Twitter account that the XVG cryptocurrency will be listed on BiteBTC, an influential exchange market.

The team also announced that XVG would be ready for live trading and investing starting from May 10th as it becomes part of the BiteBTC market listing.

Any coin listed in a new exchange will always bring trading volume and exposure, which is why this is an exciting development for Verge. It’s expected that XVG will grow in value soon.

All the previously mentioned reasons strongly suggest that XVG’s value will rise soon as the market’s current trend gets worn out and most of the crypto coins start to trade in the green once again (that’s already started, in fact).

Verge XVG Debit Cards

A little over two weeks ago, TokenPay proclaimed they would be buying 9.9% fo shares of a Bavarian German bank. The point in this is to issue debit cards on cryptocurrencies. Then TokenPay announced that their first choice for that would be XVG.

This is no surprise at all. TokenPay supported XVG during their first crowdfunding campaign. They endorsed XVG on their first crowdfunding campaign and the keep the support going until the MindGeek partnership became a reality.

It’s no surprise at all for TPAY to choose Verge as the first alt-coin to become available through a debit card issued by the bank. Token pay gave XVG a lot of support during their initial crowdfunding effort. Their continued support also allowed Verge to get the Pornhub partnership that made them the talk of the town.

The deal is done as confirmed by a Verge’s official tweet a couple of days ago. The German bank was mentioned so those debit cards will be available quite soon.

Verge on FLOGmall

Verge (XVG) had further good news for fans when they announced on Twitter they will be a payment method for Flogmail from May 10th.

Flogmail is a quite new player in the e-commerce world that takes in all kinds of currencies, Verge’s XVG being the most recent one. It provides electronic trade services that connect buyers and sellers painlessly enabling both of them to complete each transaction in a variety of options.

This move is maybe not as bit as Pornhub, but every move Verge makes to make it a real and practical payment method for average users is a smart move. At the very least it gives them exposure.

Verge and the market now

The market had a bit of a break on May 9th. Most currencies dropped a bit, and Verge went with the trend. As of today, Verge lost 19.72% against the dollar in last seven days, which is a bit steep. It also lost about 12% against Bitcoin.

Green bars are starting to build in the market, Verge’s XVG also increased in value by 4% in last twenty hours. This all means that right now Verge’s XVG currency is available at $0.06 per unit, which is very low if you take into account it’s been as high as $0.22. Still, that’s actually good news for the investors – this is the time to get it in bulk.

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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.

Chart courtesy of NGlomb 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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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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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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