From massive momentum due to the mystery partnership and crowdfunding campaign that brought XVG to Pornhub, to massive dips that are taking Verge to new lows, XVG isn’t the only cryptocurrency being driven back and forth in the bear market.
However, Verge might see some relief in the once again declining market as XVG is now accepted as a payment method for integration into various businesses with NetCents.
The partnership was announced at the beginning of November when the market declined to touch a major dip which took all currencies down with several exceptions found in XRP and later on Stellar XLM.
As Verge lost over -40% of its value in the last seven days, the crypto is waiting for a much-needed push in the market, and NetCents integrations appear to be a suitable factor to take it up to more a more flattering value.
Verge Available for Business Integrations with NetCents
Verge foundation announced back on November 5th that Verge currency will as of the mentioned date become available for business integrations as a payment method.
These integrations will be hosted and mediated by a service called NetCents, enabling easy and simple integrations of XVG into various businesses and intended for any interested store, retail, or company.
NetCents is a service provider said to be working on revolutionizing how payments are made in today’s world, also providing a merchants gateway for cryptos, representing a merchant hub for cryptocurrencies.
With NetCents, users are enabled of easily using cryptocurrencies for buying different products and services and businesses can easily enable cryptocurrency merchant gateway for easy checkout and paying with cryptos.
Every business interested in integrating cryptos into their operations can now accept XVG with NetCents, which additionally increases the chance of XVG to rise to a more benevolent value.
Verge is seen in a massive decline since reaching its all-time high of around 8$, losing -97% of its value to being traded at the price of 0.0071 at the current moment and still in a slight decline after a brief rebound earlier on November 20th.
Any interested business can directly apply for XVG integrations that way enabling XVG payments and consequently increasing exposure of Verge in and outside the cryptocurrency market.
TokenPay (TPAY), Litecoin (LTC), and Verge (XVG) Agreement Still Waiting to Happen
Another important milestone for Verge and XVG is the long-awaited acquisition of a Munich bank that should result in enabling the issuance of crypto-based debit cards and Verge is the first in line to get its own debit card.
TokenPay is one of the crucial strategic partnerships for XVG, also making their number one investor during the first crowdfunding campaign that brought XVG to Pornhub and MindGeek, so naturally, TPAY is reserving the first crypto debit card for Verge.
Litecoin will be the next in line after Verge, but although the acquisition of the mentioned bank was announced months back already in the first quarter of 2018, the three partners still didn’t complete the acquisition.
That means that everything depends on whether or not the trio will make it with the entire plan, which involves buying the majority of shares in this bank.
For now, TPAY has acquired 9.9% of the bank, which marks this plan as work in progress.
The debit cards alongside NetCents integration could definitely provide a more positive momentum and push XVG above its current return of 19% in the course of a year.
At the moment, Verge is slowly giving in to the latest dip, dropping by over -2% in the last several hours.
Is Pornhub to Blame for the Massive Drop that Verge Had Gone Through?
Out of those -97% of lost value during the course of the last 10 months, many investors are blaming Pornhub integration for the notable decline of XVG which dropped almost with ease from 8$ to 0.007$ since January to November.
Many enthusiastic investors that were following up with the mystery partnership hype back in March were left severely disappointed once the partnership was revealed, although the integration with Pornhub meant that XVG will be exposed as a payment method to millions of users.
Later on, Pornhub started to add more cryptocurrencies without requesting crowdfunding campaigns in return as it was the case with XVG, which further lowered the significance of the partnership, which is said to have made XVG more inclined towards dipping even outside the negative market trends.