Here’s Why Big New Verge (XVG) Partnership Was Overblown

For weeks now, there has been drama brewing – pure anticipation building up gradually as April 17th slowly approached day-by-day. Today is the day that Verge (XVG) would finally reveal who its big mystery partner is, something that we were seriously skeptical about.

Well, now we know that the new partner is a company called MindGeek – which owns a number of adult entertainment portals online (most notably PornHub). Now, users can pay for memberships – and other additional things on the network of adult ecommerce sites – using Verge (XVG).

Now I’m going to tell you why I think the benefits of this big announcement will probably be short-lived.

First – it’s not really a partnership

It’s just a cryptocurrency integration. So, you can pay with XVG now – it’s really not that big of a deal when you think about the fact that they aren’t developing any new technology. They aren’t testing some new form of payment processing, they aren’t collaborating together on any sort of upcoming solution – they are simply letting people pay with their Verge coins.

That’s not called a partnership, that’s just adding a payment option to an adult entertainment streaming site.

Second – Verge fans paid for this “partnership”

As you probably already know, Verge (XVG) desperately pleaded with its hodlers and fans to donate – without any form of reimbursement – to a crowdfund so that this partnership could be revealed. Seriously. So a bunch of people donated at least $6.5 million to this fund, just so MindGeek and Verge could announce that porn sites can accept XVG coins.

To summarize what happened, a bunch of gullible Verge followers gave up their own hard-earned money to basically give free publicity to both PornHub and Verge. Obviously Verge (XVG) paid for this “partnership” and PornHub didn’t choose the coin because it’s the best cryptocurrency choice out there.

Yes, it’s a big deal that one of the most viewed websites in the world is now accepting this privacy coin

Moreover, there are much better payment coins out there – including some that are working on PayPal-like payment gateways so that more than just one coin can be used. As soon as those are in full force, we will have most likely forgotten about Verge (XVG).

Anybody who donated to this “partnership” announcement is a fool. There’s no other way to paint it.

Also – who pays for adult entertainment in 2018? If the partnership had been with GrubHub or something that people actually put money into, maybe I’d be less disappointed.




Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

6 COMMENTS

  1. First of all they are partners with MindGeek that owns pornhub/brazzers etc. And no pornhub does not Accept btc, check your facts before writing bullshit. And porn is the industry leading the way embracing new technology for almost 2 decades. DVD, blueray, streaming, 3D, and VR just to begin with. There are plenty of heavy hitters in crypto. But clearly this article was just to bash a coin it’s so obvious you are embarrassing yourself. And btw im not a Verge holder.

  2. 1 – Bitcoin has been accepted previously?
    2- The company is called MindGeek, they own Brazzers, Pornhub, Nutaku, Redtube, Youporn etc and they’re the largest adult content company in the world.

    DYOR, so called journalist.

  3. If you’re going to write an article at least get your facts right. The ‘partnership’ is with MindGeek.com not brazzers. Pornhub also has never and is not accepting bitcoin as a form of payment. This is an exclusive deal for the verge coin. I do believe it was over hyped by their marketing team but also see this as a big step in the mass adoption of cryptocurrencies.

  4. It’s you bad that people don’t do research thoroughly. The partner isn’t Brazzers or Pornhub or any of these adult sites. It’s the company behind it. That would be MindGeek. They have a network with a load of 115 million visitors over their network a day. And also have their own payment processor. That is the core. So everyone who uses their payment service provider can make use of Verge payment as part of the service instead of a seperate configuration/customization. And with besides if free was good enough for people… I don’t think Spotify would’ve lasted this long.

  5. It is clear that you are a Verge hater. Get your facts straight before you bash anything for that matter. People’s hard earned money is also invested in Verge as a whole, because it is a great privacy coin. So if you gave a shit about people’s money, you wouldn’t post this crap in an effort to bring down the price of Verge. Let’s be honest, there are a lot of newbies that will read shit like this and act on it out of FUD.

  6. The CEO of MINDGEEK says it is a PARTNERSHIP!

    That’s all, a person who runs a multi-billion dollar company, responsible for a good portion of 12% of the WHOLE internet traffic says it is a PARTNERSHIP!

    But, of course you from your tiny website and average american wage knows a lot more about business than him.

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