CoinReview #02 - Verify ($CRED) - $60M cap - Can verify SOLVE the CHARGEBACK PROBLEM?

As businesses shift away from Stripe and PayPal, can Verify dominate the trusted payments market through consensus?

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Source: verify.as

In each CoinReview I do, I track performance of coins I've covered in the past - both good and bad performance:

#01: Change ($CAG) up 8% to $64M cap in 1 day since post

TO DATE: If you'd invested $100 in each at time of posting, you'd have turned $100 into $108.

What is Verify ($CRED)?

Verify aims to be an all-in-one financial hub with a wallet and a marketplace to manage traditional investments, loans, insurance and more.

Source: verify.as

It is currently valued at a cap of $51 million, with a coin price of $4.25. This is up 248% for the week.

Who is building it?

• Yazin Alirhayim, CEO:

VP at Amazon’s “Payfort Start” division. He previously founded White Payments, a “Stripe
for the Middle East”. White was acquired by Payfort (and later by Amazon) just 12 months after it launched.

• Ibrahim Mokdad, Head of BD: Master's in machine learning, solid experience in R&D at Exa

Source: whitepaper

Hit me with some technicals.

• Currently in ascending phase, near ATH with increasing volume:
  

Source: coinmarketcap.com

Green Flags:

1. People HATE PayPal. Enough said.
2. Yazin has some solid experience. Is he enough to run the whole show? No - but he has done good work in fintech before, and I'm sure he will continue to - whether on this project or the next.

Red Flags:

1. Does UTrust already have a lock on this application? There is certainly room for emerging competitors to rise, as we've seen from ERCs like $REQ.
2. Small team with slow GitHub contributions. In my experience watching ICOs, this is a bad sign for progress and eventual successful product, but it doesn't mean the price won't go up in the short term.

Where can I trade it?

$CRED trades on EtherDelta.

If you have found my posts useful and wish to buy me a beer:

ETH:

0x51e3c7b68F8C9f707459990e55dE8Effd76B5f61

BTC:

12texFdkqxcWXH7FrrWeMRy6Bz5ptrqUA6

Disclaimer:

This post does not constitute financial advice. I have made both successful and unsuccessful trades using my research. At time of posting, I have no long or short position in $CRED, but might or might not open one soon.