The long awaited fruit of the union between Verge (XVG), Tokenpay (TPAY), and Litecoin (LTC) is likely to materialize very soon. And this momentous event will usher in another era in the crypto space.
For a while now the Vergefam has been anxiously anticipating the issuance of the Verge debit card. And whenever questions are asked on when it would be available, the reply is mostly that they are waiting on their strategic partner Tokenpay.
The import of a Verge debit card on the Verge community of dedicated followers is bound to be astounding. This is because it will expand the reach of the crypto as the Vergefams who are geared toward mass adoption will laud it as they will be able to facilitate transactions using it.
The Genesis: Taking A Close Look At The Verge (XVG), Tokenpay (TPAY), and Litecoin (LTC) Trifecta
Tokenpay (TPAY) a large contributor to the crowdfunding effort that saw the successful partnership of Verge (XVG) and Pornhub acquired a stake in a Munish based WEG AG bank in Germany and transacted the stake on to Litecoin (LTC) birthing an exceptional union of purpose.
This trifecta of blockchain powers came about in the most astonishing manner. Let me give you a quick recap.
Verge (XVG) embarked on a crowdfunding campaign to seal a deal with Pornhub and TokenPay (TPAY) contributed to the crowdfunding effort which assisted Verge in achieving its dream of a Pornhub partnership.
This timely intervention of TokenPay resulted in a TokenPay (TPAY)–Verge (XVG) partnership.
Charles lee the founder of Litecoin vilified verge on its partnership with Pornhub claiming that merchants shouldn’t be bribe in anyway by crypto project to garner their support.
TokenPay CEO, Derek Capo, in defence of Verge (XVG) rebuked Charles for criticizing the development while failing to support it.
In an interesting turn of event, this war of words between these two eventually culminated in a TokenPay -Litecoin partnership with Litecoin getting 9.9% stake of the bank TokenPay acquired.
The relationship that resulted from these partnership is symbiotic not parasitic as each help the other in turn.
LTC, TPAY, XVG Friendship is a Symbiotic Relationship not Parasitic
The benefits that would accrue to TokenPay (TPAY) include gaining from Litecoin’s (LTC) world-class technology and marketing expertise as well as the following Blockchain advantages:
- Tpay Cryptocurrency
- TokenSuisse asset Management
- eFin Decentralized Exchange (DEX)
- Multisignature Transaction Engine
- WEG Bank FinTech Platform
Insomuch as Verge is part of this triad the XVG coin and Project will also enjoy these benefits especially in the coming debit cards and merchant services that will be made available through WEG bank, TokenPay and the Litecoin Foundation.
There is also the aspect of TokenPay’s decentralized exchange eFin that will provide support for both the LTC and XVG base pairs. This would further accelerate the adoption of both crypto assets in crypto exchanges. The implication is more visibility and demand for them.
As It Is…
Months after the partnership, although the issuing of the crypto debit cards is still on hold for Verge (XVG) as well as the rest of the market, Verge shared news about Tpay team collaborating with Litecoin. This alludes to the fact that Verge is closer to getting its crypto debit card according to XVG reps on Twitter.
In sealing their partnership deal, Litecoin and TokenPay have agreed to work together on mutual goals. Although Litecoin got 9.9% of the German WEG bank TokenPay had acquired to expand its ecosystem, both TokenPay and Litecoin are planning on acquiring the additional 80% of stakes in the bank. This development when it materializes would enable crypto debit card issuance while also taking mass adoption of cryptos to the next level.
This case scenario goes to show that TokenPay (TPAY) would still fulfill the promise given to Verge which implies that Verge (XVG) is still set to become the first crypto to get its own debit card with TokenPay.
The issuance of the promised debit cards will most likely be available for TokenPay and Verge when the additional stakes is bought as stated.
Verge team congratulated TPAY for partnering with Litecoin (LTC) as they asserted that the crypto debit cards are soon to come,
Derek Capo supports this premise as his twitter post on Oct 22, 2018 revealed that he had made an announcement on CNBC that investors will soon be able to participate in the growth of Germany-based crypto bank by buying shares using TPAY, LTC and XVG.
Today on @cryptomanran @CNBC I made an announcement that soon investors can participate in the growth of a crypto bank in Germany by buying shares using crypto $TPAY $LTC $XVG this is unprecedented. @tokenpay @SatoshiLite @vergecurrency https://t.co/pfTUJH2RNB at 36 minute mark.
— Derek Capo (@derekcapo) October 22, 2018
The partnership between Verge (XVG), Tokenpay (TPAY), and Litecoin (LTC) will soon come to fruition as the trio is joined at the hip as one big crypto family. A family that would continually lend a helping hand to each other to foster mutual success in the crypto and blockchain industries.
Image Credit: Chepicap.