Verge XVG has been on the news lately with the recent reports of a crowdfunding trough the Vergefam, or Verge Community. Justin Vendetta, also known as Sunerok, the lead developer of this privacy based coin, announced through the Larry and Joe show on Youtube that a huge partnership is coming.
This partnership is said to change the whole crypto space and verge community will be more than pleased of such a large partnership. I know the VergeFam as one of the nicest and most awesome community in Cryptoland as whenever I do a talk about XVG I always get great feedback from the Verge community.
As Sunerok said, the partnership is already done and only a non-disclosure agreement stands in his way of making the news public.
He stated and I quote: Everybody thats been in Verge waiting for this is going to be really happy. Theres no way to be unhappy about the coin that you love entering a gigantic market exclusive adoption⌠I know its going to be exclusive for a long time.
With statements like this there is a huge likelihood of a dump IF they donât deliver on these high expectations.
Verge has been on the rise for a while now and even a bug in the system that enabled a hack that mined over 280.000 dollars worth of XVG per hour from the system didnât stop them.
Yesterday I talked about Vergeâs amazing run from the past week, if you havenât watched that video, I will tag it in the cards of this video. I talked about the 3 Cryptos that are leading the recovery from the bloodbath that we had.
As we wait for the Reveal of this mysterious partnership, we will look at the possible companies that will change the world as we know it.
Like I said, if they donât deliver on these high expectations this will hurt the confidence of investors in Verge and lower the expectations on any future announcements.
Lets take a look into the first rumour which is Tokenpay
This is a rumour based solely on the available information till now. TokenPay announced on their Twitter feed of a meeting between Verge, an unidentified German bank and their CEO. This meeting was meant to discuss a deal to produce debit cards to both TPAY and XVG customers.
A partnership involving two cryptos that are not in any way associated in development might be a good step in this stage that we are in right now. The addition of a German back Im not too sure about how that would work when you look at privacy and KYC and stuffâŚ
A lot of reddit users questioned the legitimacy of this meeting because of
- They say that Verge has no need for debit cards given its use in ensuring all transactions are private
- The mysterious German bank does not yet qualify to be a major announcement and it doesnât match the expectations as dozens of cryptos have already partnered with banks.
- This partnership was said to be done before Justin made the announcement, non-disclosure terms wouldnât be applicable in this case.
Lets look into the other rumours, Amazon, eBay or Alibaba
This could come a little closer to meeting the high expectations that were set by Verge. This focuses on the biggest online markets that would be easily integrated with XVG. The Vergefam always talks about Verge being one of the fastest, most scalable and most renowned cryptos out there. These qualities make it very favourable for adoption to any of these three mage companies.
However, there could be a problem with Verge partnering with any of these 3 companies as I think that a lot of regulation will need to be set to make sure that the token is not used for illegal activities on the platform.
Other than that, amazon already with the amazon pay system in place would only need to integrate Verge payments which is much simpler than starting a while new payment system, so out of those 3 companies id say amazon would be more likely.
Make sure you turn on Notifications and stay tuned to Cryptoland if you want a follow up on this video, because I will be uploading a part 2 to this video when the actual announcement is made!
I will probably publish an article on steemit about the announcement and then a video about it later so donât forget to check those out!
So stay tuned.
