Verge has been running under the radar as a privacy coin based on TOR which is a browser to get access into dark web on the internet. We know Monero has replaced bitcoin as a method of value transfer on dark web.
There has been a lot of hype lately for Verge (XVG) since it's founder Sunerok talked about upcoming partnership (however no names were disclosed) and asked verge community to help raise a donation of 75 mln verge which created FUD that verge might be committing a scam. Asking donation for a partnership is not something many people could digest.
Apart from this, since Sunerok mentioned that this partnership would lead them to mass adoption in the international market, many names come upfront including OverStock, Samsung Pay & Indian shopping site Flipkart.
But everything became clear when Verge announced it's partners "MindGeek".
Who is MindGeek?
MindGeek is one of the leading services providers in Porn Industry including PornHub headquartered in Luxembourg and operating from Canada. They even have their offices in Montreal and additional ones in Hamburg, London, Los Angeles, Houston, Miami, and Nicosia.
I don't think anyone needs an introduction for PornHub it's undoubtedly one of the most popular websites when it comes to porn.
The Perfect Partnership
I believe Verge and Porn Industry is a perfect partnership as there are many people afraid to use their credit card information on Porn sites which they don't need to worry about anymore after this even PornHub has published a commercial to spread the word of accepting verge on youtube:
My Views
This is without a doubt an amazing start for cryptocurrencies in my opinion. We have been waiting for cryptocurrencies to become a use case in real life situations and Verge has started it.
Porn Industry is a huge market and there are very few people using their paid services, mostly because of they don't want to use their card information or afraid to get revealed by anyone that they visit porn sites.
I know used cases when people try to use their card information on Porn sites and before they can get the access, They get a call from the bank to verify the transaction.
I think with this implementation verge is going for mass adoption and it will not only help verge but PornHub as well to increase their sales.
Disclaimer: I am not a financial advisor, everything I've mentioned above is my own opinion and should not be considered as financial advice. I encourage everyone to do their own research before investing in any cryptocurrency.
Please let me know, what you guys think of this partnership in the comment section below.
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I believe this merger is going to be a huge call for Verge. XVG will steadily grow and will reach new highs. Using thier key feature (privacy) they have captured the correct industry which can boom its value big time. Thanks for the detailed research @bunnychum
I completely agree with you @pkalra, In my opinion, after becoming a real-life use case, Verge is going to reach heights.
not a merger , is it ?
@decebal2dac Not technically a merger but kind of, as Verge (XVG) will be handling most of the transactions in the porn industry.
Great news for Verge! Monero has the drug industry and Verge will have the Porn industry!
There's PIVX left @jbobos
But I have seen a sudden fall in Verge value after this partnership. So we can't say that there will be a huge impact on price. Mostly people will prefer cards rather than Verge because every user is not using crypto and not every crypto user will buy membership or something on these sites. So let's see.
@ehtesham123 That's a valid point but we need to also consider people who don't have credit cards to access these sites or those who do but they are afraid of using it because of statements.
Yeah, you're right in this case. Also, there is a big Muslim community working on cryptocurrencies and I think, they will not invest in Verge and will move there already invested money in Verge. So this might lower the expected boost. (BTW, Verge is at the top of the list on Binance with Maximum Volume in last 24 Hours but it's price is continuously going down $0.11 to $0.07).
@ehtesham123 I think you are absolutely right, after BTC got announced as halal lot of Muslim traders jumped in.
upvote and resteem.
Thank you @selina2
please see my post.
Great news for verge, it's time we start seeing real use cases for crypto. That's going to be the gateway to mass adoption.
Resteemed @bunnychum
@micscrypt Thank you
You're welcome :)) @bunnychum
Ohh really !!!
It just like an advertisement.
It can be accepted to all.
Thanks for the information .
Upvoted and resteem
Also thanks for the post @bunnychum@adamkun Thank you
i just love verge i thinks its gonna be huge once the masses understand its potential, big ups XVG this the way to go
@agentwilla I do agree with you, This would turn into mass adoption.
Is it very fresh news? Im just wondering why currently price is dropping so fast. shouldnt such a great news create more demand instead of panic sell?
thx for great post
@crypto.pitor market sentiments doesn't seem with porn industry right now. But as this has already been implemented, Verge should definitely achieve good heights, I believe... (but not investment advise ;) :D
Seriously? is porn industry suffering? I can hardly imagine that .
ps. I love how people are scared to share their toughts because they are scared that it may be taken as if they give investment advices :)
great news. i love porn and i got the verge woohoo
@banditqueen i've got some too ;)
I think pornhub will get an increase on their visits coming song lol
That's for sure @williamsq
i though it was a joke hahaha great post man
@deart not a joke mate... That's for real :D lolzz
hello there.
i think this is good for verge i hope more companies open their eyes and join to the ride of cryptos.
good luck and great day
@reneparedes this seems to be the start.
You create great content! Keep it up!
Thank you @astakhiv92
I knew they were on the verge of doing something like this!
@loovsi I was waiting for this announcement as well...
really great
Thanks @asadga
you are welcome
Upvote and resteem...
thank you @murtaza78
Wow really great
thank you @laurynas420
Great article and very informative, thanks for sharing. I've smashed the upvote button for you!
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This is great for cryptocurrency.
really great varge post. thanks for @bunnychum