Verge price soars, what could be driving the rise?
Verge price has been soaring lately and XVG’s rise could be attributed to a couple of factors.
On the social media front, the cryptocurrency unveiled a new channel called Verge Tweet Repro. The channel was created by Verge with the aim of reaching Verge followers on Twitter and ensuring that they read and retweet every single tweet from the digital currency.
With over 3,500 Twitter followers, the possible retweets are significantly high which means that the projects that Verge undertakes are seen by numerous people. Essentially, its Twitter followers work as the cryptocurrency’s public relations to stay strong in the cryptocurrency market.
This was proven effective when Verge utilized its social media power to help fund their crowdfunding initiative in April that raised $76,281,217 for a soon to be announced partnership.
Verge partners up
That partnership would soon be revealed to be with MindGeek, who owns Pornhub, the world’s largest pornographic site. The partnership between the two parties allows people to use Verge to pay for their subscriptions.
The porn site benefited from this as well since it was able to get more customers to subscribe who were initially scared of leaving a credit card trail behind. With Verge, customers can discreetly subscribe to the site due to the nature of Verge’s untraceable transactions. With more people using Verge, the price keeps rising.
Verge also collaborated with TokenPay on the crowdfunding campaign. Beyond that, TokenPay has now closed a deal to buy 9.9 percent of a German bank in Munich. The next step is to have debit cards for Verge and TokePay customers, as announced on Tokenpay Twitter’s page.
Verge is the first currency to get debit cards with TokenPay and this increases mass adoption of this coin. This form of payment is meant to introduce Verge to the mainstream global payments and increase its market share.
Our bank deal in Germany as outlined in the #TokenPay Ecosystem Report has now been signed, several weeks ahead of schedule. We expect closing to occur by the end of next week and an official announcement to follow. $TPAY and $XVG debit cards coming soon🥂 https://t.co/YvKQFEVwV4
— TokenPay (@tokenpay) April 26, 2018
Exposure thanks to platforms
Verge isn’t only making waves by who it’s partnering up with, it’s also getting placed on more cryptocurrency platforms. The latest being Bitfinex, which is one of the leading cryptocurrency platforms in the world. The exchange is based in Hong Kong and with the addition of Verge, it increases the coin’s exposure, trading and investing opportunities.
Aside from being added to Bitfinex, Verge is now available to be stored on the global digital wallet Abra. While Abra isn’t as big as Bitfinex, it’s another platform that increases the number of people who can access and trade using Verge.
— Abra (@AbraGlobal) May 1, 2018
If partnering up with Mindgeek wasn’t enough, Verge is now going after Spotify, one of the world’s leading music streaming platforms. The Verge team is organizing a campaign with the Verge community to put this deal in motion.
In Spotify’s Community ‘New Ideas’ forum, a Verge volunteer named Dan, penned a statement urging Spotify to evaluate using XVG as a form of payment. While the potential Spotify partnership is just a fantasy at this point, one thing is certain, the Verge team seems inspired and up to the task of revolutionizing the purpose of cryptocurrencies.
Asif is a cryptocurrency enthusiast who’s been writing on the subject since 2014. He also has a keen interest in social engineering and cybersecurity. When not busy writing about cryptocurrency, he can be found reading books and listening to music.