In less than 5 hours and at 10am Eastern American time, the team at Verge (XVG) will be making an official press release regarding the much anticipated new partnership that they have been able to secure. Stan Faas, who is part of the core team at Verge and the main website developer of the project, is quoted as saying the following on Medium.com:
“This partner owns one of the largest payment processors on the internet with several hundreds of businesses routing their payment traffic through them. The partner is going to be supporting Verge Currency by rolling out a global marketing campaign with continuous marketing effort throughout the year.”
For the partnership to materalize, the Verge project had to raise a cool 75,000,000 XVG to cover the following:
- Cost of integrating into the partner’s extensive network of payment gateway and websites
- A massive marketing campaign to span the entire globe
- International press releases and news coverage
- Ledger Nano S and Trezor hardware integration
- And so much more
The beauty of the Verge project is the overwhelming support by its community members. This amount was raised in a short time period of 5 days and the Verge Team was very grateful of the efforts by loyal Verge community members .
What remains now is the announcement of the partnership at 10am as to which organization will be sealing the deal with the Verge Project.
Speculation is high that TokenPay might be that mysterious partner. This is hinged on the fact that TokenPay team members and those of Verge had met in Munich back in April 8th this year.
TokenPay describes itself as a decentralized and self-verifying payment platform project that is based entirely on mathematics. It is designed to enable secure transactions between multiple parties. This aspect of security is in tune with Verge’s mission of offering the most secure transactions that can be on a public ledger or a private one through the user’s invocation of the Wraith Protocol.
But with tens – if not hundreds – of possible companies that fit the bill of the earlier description by San Faas, we might as well have to wait for the announcement to find out.