The Verge (XVG) cryptocurrency and project have been bombarded with FUD due to the 3 hacks its blockchain platform experienced this year. As a matter of fact, XVG has more or less nosedived since April with is decline being accelerated by the current crypto bear market. XVG is currently valued at $0.021 at the moment of writing this. The current value is actually 14 times less than its peak value back in December of $0.29. This is a percentage decline of 93% in 6 months.
But the days of decline for Verge (XVG) might be a thing of the past with the recent announcement of the Litecoin (LTC) Foundation acquiring a 9.9% stake in Germany’s WEB Bank. This 9.9% stake is the same one TokenPay had acquired a while back and now it is in the hands of the Litecoin Foundation as part of a new partnership between the two blockchain projects.
TokenPay will benefit from Litecoin’s world-class technology and marketing expertise as well as the following blockchain initiatives:
- TPAY Cryptocurrency
- eFin Decentralized Exchange (DEX)
- TokenSuisse Asset Management
- WEG Bank FinTech Platform
- Multisignature Transaction Engine
Verge (XVG) and TokenPay (TPAY) are known to have the closest partnership in the crypto verse. Therefore, this new development with the Litecoin Foundation will also benefit the Verge Project. The XVG coin and project will receive the much-needed boost through the coming merchant services and debit cards that will be provided through WEB Bank, the Litecoin Foundation, and TokenPay.
There is also the aspect of TokenPay’s decentralized exchange of eFin that will support both XVG and LTC base pairs further accelerating the adoption of both assets in crypto exchanges. This means more visibility and demand for XVG that could lead to the $0.20 value in December 2018.
In summary, the partnership between the Litecoin Foundation and TokenPay that has been boosted by the acquisition of WEB Bank by the Litecoin Foundation further brings Verge (XVG) into the picture. This means that now Litecoin, TokenPay, and Verge are tied at the hip as one big crypto family. A family that will lend a helping hand to each other for mutual success in the crypto and blockchain industries. Right now, Verge (XVG) needs this partnership to regain its past glory in the crypto-markets.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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