The “Mysterious” Verge Partnership Has Been Announced
Verge (XVG) has announced that they will be partnering with Mindgeek. Mindgeek is one of the largest payment processors on the internet with several hundreds of businesses routing their payment traffic through them.
Mindgeek, “is an all-in-one deal for Verge, owns everything from payment gateway probiller, to huge traffic network (pornhub, brazzer etc..) to huge advertising platform trafficjunky.”
Mindgeek has announced that they are going to be supporting Verge Currency by rolling out a global marketing campaign with continuous marketing efforts throughout the year. Including but not limited to:
- Integrating XVG into their extensive network of payment gateway and websites.
- A massive marketing campaign to span the globe.
- International press releases and news coverage.
- Ledger nano/Trezor hardware integration.
The Porn Industry is one of the largest in the world. 15 billion in revenue.. more than MLB, NFL, and NBA combined.
Verge founder Justin Sunerok (via Forbes): “Pornhub is a global organization with nearly a hundred million daily users.”
“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.
Over the last 24h, more than $250m XVG was traded
The price of Verge (XVG) – the private digital currency – continues to defy gravity, with Binance, Upbit and Bittrex all surging in volumes.
Forbes: Adult gaming site Nataku will also be accepting Verge payments.
Person51389 in Reddit: “Mindgeek makes 585,000 dollars in revenue, EVERY DAY. They make 200-300 million PER YEAR. The top darkweb sites that dominate the dark web make…20 mil per year, thats it. Monero has the darkweb which is like 0.005 percent of world business. Mindgeek makes x10 in revenue what the entire dark web does every year. This CRUSHES Monero in adoption and most other coins, so yea, its a big deal.”
Pornhub is now accepting cryptocurrency payments in the form of Verge (XVG), cryptocurrency apparently improved upon the original Bitcoin blockchain. Clearly at some point in this advanced future of decentralized payment systems and easily accessible porn the two technologies would find a way to intermingle. Cryptocurrency, for all its volatility is still a space that your blockchain bros are encouraging further investment.
Here’s the details of this cryptocurrency and Pornhub mashup. It’s really simple and frankly, about as inevitable as the time Pornhub started a snow plow business — it just makes sense. Beginning today, Pornhub will accept Verge as a payment option for all Pornhub purchases such as Pornhub premium, HD and on-demand services and merchandising, but not recurring subscriptions. The reason for that should be obvious but I’ll state it anyway — because of the inherent risk of the volatility of the price of cryptocurrencies.
“The volatility of crypto is concerning for subscriptions with recurring payments,” says Corey Price, VP of Pornhub via email. “As such, at present, we aren’t offering it for recurring payments, though we are in the process of working to do so.” Price also noted that “our services have fixed prices in fiat so the value in cryptocurrency will change”.
If you haven’t noticed by now — once the porn industry embraces a technology, that technology tends to begin to thrive. It’s too early to tell if this will set Verge up for success previously experienced by Bitcoin and Ethereum, but it will certainly shake up the cryptocurrency world as investors see Verge succeed as the chosen payment option of an industry that tends to set the curve.
Pornhub has released this (SFW) promotional video to show what the future will look like under the Pornhub and Verge cryptocurrency collaboration.
“Here at Pornhub, we have always strongly valued innovation and privacy. Over the past couple of years we’ve launched Virtual Reality (VR), to provide our users with the most immersive experience possible; a Bug Bounty program, which offers monetary rewards to security researchers for finding bugs on our platform; and HTTPS, to provide a more secure user experience. 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,” said Price in a press release. “Were 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!”
In addition to Pornhub, sister site Brazzers as well as adult gaming site Nataku will also be accepting Verge payments. This move by Pornhub will most likely affect market adoption of not only Verge, but cyrptocurrencies as a whole. Or at least, change some perceptions about the use of crypto for payments. If nothing else, it’ll make people wonder about the use of Verge specifically.
Unlike many of its peers, Verge doesn’t use cryptography (as much) to become an anonymous cryptocurrency. Instead, it uses Tor and I2P network to achieve that sweet, sweet anonymity. This slight shift in procedure could influence the next generation of Blockchain bros as they develop their mostly useless and repetitive ICOs.
As to why partner with Pornhub, Verge had that plan from the beginning, soliciting donations with this end game in mind. “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.”
Price also later mentioned that other cryptocurrencies would be considered in the future, noting that Verge was highly suggested by users. The security offered by Verge is a good starting point for not only Pornhub, but for the future of cryptocurrency adoption across all industries.
In an official video and an official tweet by the Brazzers Twitter handle, they announced that like Pornhub they too will be accepting cryptocurrencies in the form of payments – crypto being Verge [XVG].
Although after the initial announcement, the prices had dropped, the Verge prices seem to climb up again.
Admittedly, we haven’t been the most bullish on Verge (XVG) due to concern over the companies missed deadlines in the past, combined with a marketing department that desperately needed improvement. But to be perfectly honest.. this deal (regardless of the market’s initial reaction) is absolutely massive and will haul Verge’s marketing into overdrive. This deal is an absolute grand slam for XVG holders, and another huge step for cryptocurrency adoption.
After initial knee-jerk reaction and selling the news.. XVG breaks .50
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