Verge (XVG) Partners Up With A Porn Industry Giant, To The Disappointment Of The Community

Verge (XVG) has announced a few days back a mysterious partnership meant to boost the adoption of XVG cryptocurrencies. Many names have been rumored, including TokenPay, a payments processor. However, surprisingly, Verge (XVG)’s new partner is a renowned porn industry giant.

Many news sites jumped into releasing news articles stating that the new Verge (XVG) partner is Pornhub, the well-known porn streaming site with adult live chat, dating, and many more.

Did Verge (XVG) partnered with Pornhub? Despite that many think so, the answer is “Not quite”.

The real Verge (XVG) partner is MindGeek

Yes, MindGeek is the new XVG partner and the one which will adopt Verge (XVG) payments on its networks.

MindGeek is the company behind Pornhub, Brazzers, Babes.com, and a whole bunch of other porn sites or sites with porn-related content. Well, MindGeek is a giant in the porn industry and, from today on, it is adopting Verge cryptocurrency as one of its payment methods.

How will the Verge (XVG) partnership with MindGeek help the XVG?

Porn industry remains a billion of dollars industry and will keep its position forever, I guess. Thousands of dollars are spent on a daily basis on porn, from movies to live adult cams.

This partnership will definitely increase Verge (XVG) adoption and Verge network will record, most probably, tons of transactions. Not to mention that the intrinsically decentralized characteristic of cryptocurrencies will attract more and more fans of the porn industry who already seek for more privacy, in terms of transactions, at least.

The XVG’s future

Now, Verge (XVG) has dropped by about 24% after the announcement has been made because the Verge community was expecting a strong partnership within the blockchain market or at least in its close vicinity.

However, the coin recovered and is now, again, going green.

It is understandable why the community was disappointed and for this fact, the Verge team is partially guilty for keeping this deal completely under the radar.

In conclusion, the Verge (XVG) partners up with MindGeek, the giant porn industry company which owns Pornhub, Brazzers, and so on. But the XVG holders should be happy because, in the long-term, this deal might turn out to be very advantageous for the Verge (XVG) price.

 

Jackson Bey

Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.

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