Verge Announces Partnership - 17 April 2018 - Could be set for major gains

Plenty has been said about Verge (XVG) in the last few weeks and that talk has greatly affected the price during that time. Verge announced a mysterious partnership in the works and opened up their wallets asking the community to help fund the deal by securing donations in XVG from the community in order to help facilitate the deal. This is a rather unconventional way to fund a deal and received plenty of negative feedback in the crypto space.

Crypto YouTubers like Doug Polk and Mr Sotko have laid into XVG with what seemed to be shady dealing and promotion of this latest announcement and rightly so, this is crypto so you're never really sure what is going to happen.

Funding the partnership

Verge asked its community of holders to help to crowdfund an initiative in order to help progress forward in the crypto space by visiting the site - http://vergecurrency.com/donate/ and sending verge to the wallet addresses supplied on the page.

The money would be used for the following:

• Ledger Nano hardware wallet integration and support
• Wraith protocol iOS enabled wallet applications
• Advanced Marketing tactics which span the globe
• Partnerships with large-scale companies
• Real-world adoption

After reaching their donation goals Verge promiced to release some exciting news in the weeks to come, and today is the day.

Never heard of Verge?

For an introduction to Verge check out my review here

So what news does verge have to share?

The big news is that XVG is getting into bed with some of the worlds leading adult sites and these sites will now be accepting payment with XVG coins. To put this into context this is currently the biggest partnership in cryptocurrency history and could be exciting news for early XVG investors like myself with XVG on the Verge of breaking out.

The partnership announcement

XVG has officially partnered with MindGeek. Mindgeek is an internet holding company that owns popular adult sites PornHub and Brazzers along with a few other adult sites like Digital Playground, Men.com, Reality Kings, and Sean Cody.

The partnership was announced today on XVGs social media channels and a blog post with the following statements being sent out to the media as well as a Youtube video annocument done by Stormy Daniels

The website Pornhub has offered smuthounds a new way of covering their tracks by making payment using the cryptocurrency Verge. It announced the news in a press release entitled ‘the future is coming’. ‘Here at Pornhub, we have always strongly valued innovation and privacy,’ said Pornhub Vice President Corey Price. ‘Our acceptance of Verge is an affirmation of our dedication to innovation and privacy, which recently has caused much concern and been at the forefront of all tech consumers’ minds. ‘We’re extremely excited to offer our fans the ability to use crypto and think Verge, with its focus on anonymity, is the best option – whether for privacy, convenience or both.’ Verge is based on Bitcoin but is less traceable, meaning porn fans can indulge themselves in relative anonymity without having to worry about dodgy entries on credit card bills.

‘Pornhub is a global organization with nearly a hundred million daily users,’ said Verge Founder Justin Sunerok. ‘This partnership represents an enormous market with a global reach that will compete with fiat currencies. It’s huge for Verge and we’re extremely excited to finally be able to announce it.’

Brazzers is now accepting cryptocurrency for payment towards monthly and yearly memberships on its website. Verge Currency looks to innovate how you pay for your adult content memberships. It looks to empower you by bringing blockchain transactions into your everyday life, and will make it possible for you to acquire Brazzers memberships privately.

Now you can enjoy an extra layer of security in the layer of anonymity that is added when it comes to payment with cryptocurrency on Brazzers. In addition to enjoying the unique and uncanny storytelling featuring A-List porn stars in high-end original content, you will be able to sign up in an even quicker, more efficient and more private way. The future just came!

To celebrate the partnership

To push the news of the partnership XVG is giving away free cryptocurrency as well as dates with porn stars with all the details found below. All you will need to do is retweet their pinned tweet to enter.

Competition

While Verge has positioned itself as a privacy token it is by no means the front-runner in that sector with players like monero and zcash taking the lead on that front. For Verge to survive it would need to reach out into niche industries to create a competitive advantage for itself and partnerships will be the make or break in creating a sustainable project that can compete with these established currencies.

While moving into space like the adult industry is a sensible choice for XVG it's by no means the only player looking to capitalise on this 300 billion dollar market. Projects like Vice Token and Bunny Token have already set their sites on being the cryptocurrency of choice in the adult industry while Steem has also made a play for it with the launch of dporn

So there could be stiff competition for supremacy in this sector for XVG.

My Opinion on the news

While it may not have been the partnership many of us were hoping for, perhaps something like Amazon or eBay would have gone down with larger fan fair and wider appeal it's not to say that this is a bad move for XVG. The sites mentioned above are some of the biggest in their industry with millions of users all over the world, tapping into this database and giving users a practical use case for XVG could bring some stability to its ecosystem and encourage the regular transfer of the tokens.

Also exposing yourself to a wider audience will also help with gaining new investors as well as improved brand recognition, regardless if some of that recognition and association may be a bit negative. But hey any PR is good PR, right?

I expect this news to affect the price of XVG positively and you could see a big sell-off soon as investors cash in on the uplift but once that's done I think we will see steady growth in the price as more and more users opt to pay for subscriptions using XVG.

Have your say

What do you think of the latest partnership? Do you think cryptocurrency getting into bed with the porn industry will be a fruitful move for XVG?

Let's connect

For more cryptocurrency news or to hear my opinion on whats happening in the market feel free to follow me @chekohler