TokenPay (TPAY) Says “HODLing Is Not The Purpose Of Crypto”

TokenPay (TPAY) has come out again, this time to dash the hope of HODLers, saying HODLing is not the purpose cryptocurrency. In a well-crafted enlightenment messages shared on its medium page, TokenPay stands to make changes to some “myths” in the cryptocurrency space.

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Through its Twitter handle, TokenPay has been issuing blistering statements criticizing some ethos in the cryptocurrency community. The cryptocurrency’s recent message started off by saying the ease of integration and clear hype factor made most major crypto exchanges to be predominantly littered with ERC-20 tokens.

“Not only does an ERC-20 token not represent company “stock”, but it is actually even more sinister. This egregious invention has no blockchain or technological utility other than its ease of integration and tradability on unlicensed and unregulated crypto exchanges. It is a proverbial casino chip. There is nothing wrong with gambling, as long as the game is fair. But the crypto market is rigged.”

The blockchain platform then linked the present situation with that of Amazon, remembering the wondering crypto lovers of the 90% stock loss witnessed in a year by the e-commerce company, but still survives and stays among the best.

Adoption Matters Than Anything Else.

To TokenPay, which brands itself “Adoption Maximalists”, mass acceptance of cryptocurrency is germane than any other thing, pointing that real time settlement is very important.

TIP

Most Crypto Are Poorly Designed: Bitcoin Is Slow.

TokenPay condemned most of the cryptocurrencies, saying they are poorly designed.

“One of the dirty little secrets of the crypto industry is that there is really no benefit to transacting in most of the coins or tokens.”

As usual, TPAY berated Bitcoin again, pointing that it is slow and costly. The crypto firm said Ethereum isn’t scalable and has multiple bugs. The team said about NEO, recognizing that their blockchain failed recently.

HODLing is Not the Purpose of Crypto? Then What Is?

TokenPay is no bothered about the present condition of the cryptocurrency market. The cryptocurrency sees beyond HODLing saying real life use cases will birth a reformed crypto society.

The firm brags that it has “conducted in excess of a million dollars of real world transactions with various suppliers using TPAY as a method of payment”, and so is more concerned about adoption.

“To us it is an amazing achievement. But instead of embracing the real world adoption of TPAY, there exists a cancerous element of the crypto community that equates price of the coin with the success of an enterprise. There is zero correlation, in fact the inverse in many cases may have more relevance.”


IZX

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Verge (XVG): The Banks have Said Yes to Verge, What Next?

If you are a Verge (XVG) user, it is a bout time you called your local bank and ask whether they are accepting vergecurrency. The coins; dream seems to be coming true and this is set to have positive impact in terms of adoption, volume movement and adoption.
Verge is set to make history as among the first Altcoins to give its holders a real world use case. When critics were celebration thinking Verge is in the verge of going out and under among the top coins, it is about time they watched this space.

The silence from the Verge (XVG)team brought a lot of anxiety and this tool a toll in the price. However, things are looking up and soon, the coin will be part of the game when transacting from your local bank. Although the coin is still trading below the $1 mark, its potential has just been ignited.


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Should you buy Verge (XVG) Now?

Well, if the coin has been on your watch list, this is the right time to stake on it. The price has only one option; skyrocketing. Usability partnerships is what will make cryptocurrencies are banking on for their future. The banking industry is booming and looking for blockchain partnerships that will benefits them and their user base.

There has been a lot of speculation on the next big Verge partner is and this did not come out positive to the speculators. What comes from the team behind the coins is some good news from TokenPay;
So, what does this go to do with banks saying yes to verge (XVG)? Simply put, this means Verge (XVG) coin holders will soon be using debit cards. Verge (XVG) and TokenPay (TPAY) plastic cards are sending the entire ecosystem mainstream. This is set to open more hidden opportunities for the verge currency, increased adoption and additional value.

If you have been a Verge project follower, you must have notices is designed for mass adoption. With a lot of competition in the cryptocurrency market, competitor preparedness is what should make Verge emerge the natural option for the banking industry and ordinary user mass adoption.

Introduction of debit card is a surefire means to awaken the sleeping giant. TokenPay choice will enjoy the Verge obfuscated transactions for those who hold privacy dear. Users are looking for value for their money and the low fee is another factor that will send XVG wild.

Verge freedom of choice during transactions is another reason why the banks are confortable. Users can choose to transact in private or publically. This function will give the coin global appeal as well as adoption.

Verge has already partnered with Brazzers and PornHub a clear indication that it is a safe haven for privacy seekers and banks that are open to public scrutiny. The XVG TPAY collaboration is a two way benefit sharing arrangement and this is a good value proposition for the investor.

Due to the nature of the cryptocurrency market, Verge partnership with TPAY seeks to bring onboard a network that will cushion the investors against pump and dump schemes that are being witnessed in the digital money markets today. TokenPay is set to instill the transparency that the banks need from a coin like XVG.

Verge (XVG) Trading Price Overview
To get any substantial price shift north for the coin, the stakeholders have to wait for some time. These partnerships are set to spur additional growth on top of the gains the coin accrued after the crypto-crash. Once the new arrangement is put in place, the investor should start seeing the results beginning for the last quarter.

At the time of writing, Verge (XVG) was trading at0.053545 after losing 11.15% against the dollar in the last 24 hours. This has been the trend for the last 7 days and signs of a breakthrough are in the offing. The coin is set to gain marginally towards the end of May and cross the $1 mark in July owing to its past performance. This makes it the ideal time to buy and hold on to XVG.


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Author: Maxpositives
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Details of the TokenPay Partnership with WEG Bank AG in Germany

Deal Officially Closed, Shares Transferred, Timing in line with Whitepaper Roadmap Projections

Today we are announcing that we have officially closed a deal with WEG Bank AG, located in Germany. WEG Bank has also made an announcement of the partnership on its website. Share certificates representing 9.9% of the equity interest in WEG Bank AG have been transferred to TokenPay Swiss AG, along with options to acquire an additional 80.1% of the bank upon customary regulatory approval. The proceeds of this transaction were derived from our December 2017 token sale. As outlined in our Whitepaper roadmap we have completed this partnership during Q2 2018, in line with our November 2017 projections.


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As discussed on April 8th in one of our bank deal updates, it is important to understand the history of this deal. We were approached by WEG Bank in December 2017. The bank has an interest in offering FinTech solutions that will align itself with the new economy, while at the same time continuing to service its existing real estate client base in a traditional fashion. Our leading technology complex is what ultimately afforded us the opportunity to be selected by the bank for this partnership. We feel that the selection of TokenPay is a strong testament to our advanced knowledge and the amazing team that powers our platform.

Lichtenstein Bank Partnership

Furthermore, we have recently been approached by a bank in Lichtenstein offering a similar proposition. Our products and services are in high demand and we intend to fully capitalize on the strong secular tailwind afforded to us by the rapidly growing FinTech industry. We plan to meet with this bank in June and hope to be able to form a similar partnership to the one we have formed today with WEG Bank.

Unique Market Opportunity

The details of the transaction with WEG Bank were included in our April 15th Ecosystem Report. As noted, this deal has now been completed. TokenPay Swiss AG has strong legal and financial advocacy, owing to the leadership of Prof. Dr. iur. Jörg E. Wilhelm. As the head of the TokenPay Supervisory Board, Dr. Wilhelm is a highly regarded German and Swiss attorney, professor and businessman with an accomplished background highlighted by decades of financial compliance and corporate governance experience.

Potential FinTech Partner

Additionally, we are also announcing today that we have entered into a non-binding verbal commitment with a potential partner to bring its world renowned technology expertise to the partnership. The details of the deal are covered under the secrecy provisions NDA. However, we expect this deal to close by the end of the month. With the addition of this potential partner and all of its blockchain experience and know-how, we believe that TokenPay can become one of the leading FinTech companies in Europe.

Pre-Register for Early Access

We invite enthusiasts to pre-register for early access to the crypto-friendly FinTech platform we are building. The intention is to offer a full suite of products and services that cater to the new digital economy. Stay informed of new developments as they unfold and be one of the first to have access to our modern FinTech solutions.



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Litecoin’s (LTC) Charlie Lee signs NDA with rising giant TokenPay (TPAY): LiteCard on the Way?

TokenPay (TPAY) has partnered with a couple of blockchains starting with Verge (XVG), Enjin (ENJ) and most recently signed a non-disclosure agreement with Litecoin (LTC). The current cryptocurrency market has so far favored and rewarded any partnership with potential futuristic plans and that is what the ‘partnership’ between Litecoin and TPAY will be for its users. Litecoin’s CEO Charlie Lee welcomed the idea of an agreement between LTC and TPAY with the LTC boss hinting on a possible integration of LTC to TPAY ecosystem. The announcement of a signed NDA between Charlie Lee and TPAY CEO, Derek Capo was later confirmed on the TokenPay Twitter page.

Earlier in the day, Mr. Lee responded to XVG’s partnership with Pornhub, urging the adult content site to consider adding other coins while cheekily suggesting it should be Bitcoin, Litecoin LTC or Monero. “Turns out Verge’s super expensive partnership was PornHub. We think it has gained enough steam for us to penetrate the market. Penetrate.” He wrote on Twitter. “Pornhub, enough with the foreplay. Time to accept the real cryptocurrencies like BTC, LTC, and XMR.”

When asked of his honest thoughts on the partnership, Charlie said, “I think having more places to spend crypto is good. But I do hope they accept more than just Verge. It’s quite hard for people to get XVG just to spend on PornHub. It’s a step forward [to the whole cryptocurrency market], but having to buy a partner is not a good precedent. Merchants shouldn’t need to be bribed.”

Charlie’s ‘honest opinion’ was taken in bad faith by most of Verge supporters who felt the answer was both a shill and disrespectful to the Verge partnership strategies to Pornhub. One specific distraught XVG fan was TokenPay’s CEO, Derek who responded sighting LTC’s controversial addition to Coinbase.

“I am sure you pseudo bribed to have Coinbase have Litecoin [listed on the exchange]……former employee, favors, etc. Same thing.” Derek responded.
The heated responses soon turned into a meaningful and development minded approach with both CEOs putting away their differences to focus on the bigger steak on the plate. Derek offered Litecoin LTC a chance to join the TPAY ecosystem while quoting TokenPay’s acquiring of German Bank.

“So when do you want to talk about a REAL debit card solution? We are buying 9.9% of a bank in Munich with option to buy 90%. We have a whole ecosystem and plan in place. Let me know how we can work together. The battle between old and new world is just getting started” Derek, CEO, TokenPay.

TokenPay is a decentralized network offering peer to peer mobile transactions through their blockchain. The overall network’s aim in essence is to provide a decentralized payment system that can be carried out on a public or private system on the TOR browser. The partnership with Verge showed increased the uptake in staking coins on the system with tens of thousands of wallets currently staking TPAY. Staking allows constant liquidity across the system which in turn allows instant transactions (less than 2 seconds).

The cryptocurrency announced its plan to initially acquire 9.9% of the German bank with a further option to buy 75% of the bank. Derek however, stated the plan of TPAY to acquire a total of 90% of the bank and will start offering credit and debit cards to Verge and Enjin holders. Charlie Lee seemed optimistic about getting on board as litecoin LTC looks to launch the LiteCard which will function the same as debit/credit cards.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: DEPY Crypto
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