The Big Announcement!
Over the past few weeks, the Verge team has promised its community a monumental partnership with an industry leader…
The world’s largest adult entertainment website, Pornhub, announced it would begin accepting altcoin Verge (XVG) as a means of payment for its users, surprising the cryptocurrency community and skeptics alike!
“Pornhub will now be accepting Verge as a means of payment for services like Pornhub Premium and more, on our platforms. Building on Verge’s core values of security, anonymity and practicality, the introduction of this cryptocurrency as a means of payment Pornhub signifies an important foray into the future from the industry that is always on the cutting edge of technology.”
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Verge seems to know how to get the market’s attention. It has been under the skeptics’ watchful eyes and within the last month underwent a hard fork after a hacker found a vulnerability in its codebase. On top of that, John McAfee has mentioned Verge in numerous controversial tweets in the past.
What the Partnership Means for Verge and Cryptocurrencies
The cryptocurrency market is full of speculation, greed, fear, and in some cases, blind hope. At the height of the market’s price rally, all logic and mathematical-based theories were disregarded. By collaborating with Pornhub and other associated adult websites, Verge has actually achieved something that many flagship cryptocurrencies have yet to accomplish!
In terms of price, it remains to be seen how this affects Verge, but if we look at Dash, Litecoin, and Bitcoin itself, the network effect and being seen by the average investor or retailer is as important as the technological prowess itself.
According to Alexa.com, Pornhub.com is the 34th-most-visited website in the world, meaning Verge is now exposed to a large slice of Internet traffic on one of the most highly-ranked websites!
Adoption is good for cryptocurrencies and blockchain technology. The more cryptocurrencies are used for real-world services and products, the stronger and more liquid the market becomes in the long-term.
Disclaimer: This is not investment advice. Please research carefully and only invest what you are willing to lose. Be aware that news of partnerships does not always mean a cryptocurrency will perform well in price.
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