Verge (XVG) Price Prediction 2022 (VIDEO) | Low Transactions Costs & More Benefits

2 min read

What is Verge?

Verge is a digital currency designed for people and 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.

What is the Verge Currency Mission?

Our mission is to empower people worldwide by bringing blockchain transactions into everyday life. Verge makes it possible to engage in direct transactions quickly, efficiently, and securely. With Verge, businesses and individuals have flexible options for sending and receiving payments securely and efficiently worldwide in a matter of seconds.

When was Verge Currency created?

Verge Currency was created in 2014 under the name DogeCoinDark. In 2016, it was rebranded to Verge Currency.

Is Verge Currency Open-source?

Verge currency is proud to be 100% open-source. Our project is run entirely by volunteer community members and dedicated individuals who wish to make a difference in the world.

Benefits

Why You Should Accept Verge Payments.

Verge Currency is fast, flexible, and secure, but most importantly it’s a currency built with the idea of supporting widespread mass adoption as it scales out across the globe. Every week more and more people, companies, and organizations discover the benefits and advantages of accepting Verge as a transaction method.

Verge makes it possible to engage in direct low-cost transactions – quickly, efficiently, and securely, providing businesses and individuals with options for sending and receiving payments however they choose and for whatever they would like, instantly. With Verge, businesses and individuals have flexible options for sending and receiving payments securely and efficiently worldwide in a matter of seconds.

Verge Currency empowers the people by giving them a choice and control on how to handle their security. One of the most critical aspects of a strong and practical currency is liquidity – Verge is one of the most liquid tradable assets available on the large exchange marketplace.

A Few of the Benefits:

1. Eliminate chargeback fraud

A Verge transaction is immutable. Once a client has paid for a product or service, the money is in your wallet. Unlike credit card payments, charges cannot be reversed.

2. Transaction speed and immediate availability

There is no third-party-dependent waiting period, like with bank-owned payments. Depending on the load of the network, transaction time varies between 5 and 10 seconds. Once payment is successful, the transaction amount is in your wallet and accessible immediately. You can convert Verge into fiat at the end of each transaction, at the end of each working day, or according to a custom set schedule.

3. Lower transaction costs

Credit card payments usually cost you somewhere between a 2% and 4% charge fee. When transacting with Verge, this amount is only 0.1 Verge which generally translates to over a 90% savings on your transaction costs. As a merchant with either high ticket items or purchase volume, this dramatically decreases an over-inflated expense that was once necessary. Verge solves this.

4. Attract new customers

As Verge rises in popularity, more users seek out participating businesses specifically to transact with them over the competition. This can mean exposure to the clientele you didn’t have before.

5. Gain publicity

Cryptocurrency makes the news in a way fiat currency can’t. Local, national, and even international news outlets are reporting on businesses taking crypto payments, giving you an opportunity for free publicity.

6. Buy into an inevitable business practice

Given the steady rise of cryptocurrency, there is no indication that it will cease being in circulation. In the future, accepting Verge as payment will be a standard procedure and an increase in individual Verge value, providing you with additional opportunities to increase profits even further.

7. Gain experience with blockchain technology

Blockchain is the future. Verge is an easy, accessible way to introduce yourself and your business to its workings. This could lead to further technical exploration at a later stage once you’ve gained confidence working with the technology and have identified a need for blockchain tech in your business.

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