With all the crypto currencies sprouting and mushrooming almost on a daily basis, it becomes rather difficult to choose those which will match your needs and requirements. One of the latest crypto currencies that has been taking the world by storm of late is Verge or XRG. Verge Currency is a cryptocurrency designed for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal privacy.
According to its Mission Statement Verge’s mission is to empower people around the world by bringing blockchain transactions into everyday life. Verge currency makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge currency, businesses and individuals have flexible options for sending and receiving payments. With the flip of a switch Verge offers helpful integrations and tools that enable them to handle large scale transactions between merchants and small scale private payments.
Verge also has a considerable number of collaborators which use the system for their payment methods. These include Nexwaves, PexPeppers and Trebaltek amongst others.
However there are other factors that should make Verge a competitive option in the not too distant future. Bitcoin transaction costs are currently going through the roof. This has made some exchanges close their digital doors at a time when there is huge demand. This has set the pace for Verge to cannibalize the market with better services, high transaction speed and low cost in sending and receiving money. This has given Verge a chance to being one the Altcoins vying for the next big thing slot.
Verge offers a state-of-the-art medium of exchange that takes care of users living in any corner of the globe. Currently, Bitcoin transfers can take up to three hours to complete while with Verge, three seconds is what it takes for a transaction to clear. So, why would you use a platform that is congested while you have Verge, the platform of the future?
Well, Bitcoin has paved the way for users to adopt the blockchain technology. At least anyone can send and receive money as long as they have smartphone and internet connectivity. However, the consumer is very sensitive on the amount of time spend from requesting for money and the time it takes to hit their wallet. That is where Verge comes in with its vengeance.
The modern cryptocurrency user has more demands today than nine years ago. XVG is has realized these loopholes and seeks to give what the consumer needs. With fast speeds, you do not have to stand at the local store waiting for your payment transaction to be completed. Verge offers the best solution for that and your transactions are not traceable.
There are many coins that provide transaction privacy but still have problems when it comes to scalability. However, it is true that majority of consumers do not like to appear subversive. Transactions above board add trust in any system. When you shop online, you need to be able to prove that you made a purchase and you can trace the transaction just in case there was a mix-up. You need the option to choose what transaction remains private and one that is public.
Verge developers have made privacy an option to take care of the two extremes of their users. This leads to consumer satisfaction. You have the option to remain anonymous or public, that's definitely a considerable advantage. This makes verge the ideal peer-to-peer platform; you do not have to send money to your spouse or grandmother anonymously; a huge plus for Verge when compared to major cryptocurrencies and Altcoins.