Less than 3 days after the Verge (XVG) hack rocked the crypto-verse, there is some good news for the privacy coin in the form of prospects of a new listing at the United Kingdom based exchange known as CurrenX. XVG will be listed alongside TokenPay (TPAY) at the same time. Both of these crypto-assets will be paired against Ethereum (ETH) and Bitcoin (BTC) on the exchange. However, the exchange is still in its ICO phase with the sale ongoing for the next 14 days, 16 hours and 5 minutes – at the moment of writing this.
The announcement was made via the CurrenX’s twitter page and was made as follows.
Currenexchange to be to first one to list Tokenpay and Verge at the same time. We feel this will benefit all parties involved.
CurrenX plans on being a multi-currency exchange that will allow users to trade most of the prominent cryptos in the market at a fee of just 0.4% per trade. The user will also be able to purchase the crypto using traditional forms of payment such as credit cards and bank transfers. There will also be a Hardware Wallet available for the offline storage of coins and tokens.
According the the roadmap of the project, the Beta release of the exchange will be available in July this year. The full version of the exchange will be available by August with the hardware wallet being available for purchase from November. Finally, and in early 2019, there will be a mobile app for trading.
Current market analysis of Verge (XVG) indicate that the privacy coin is currently trading at $0.041 due to the hack and also amidst a general crypto market decline. The token has been stable for the last 24 hours with a slight gain of 0.24%.
TokenPay (TPAY) is currently down 1.34% in 24 hours and trading at $3.70.
The teams from both projects have been rumored to be unofficial partners for quite some time now. Both teams were in Amsterdam for a meetup that was organized by both parties. TokenPay has also bought a stake at German bank, WEG Bank AG and had this to say about the partnership:
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.
The buying of a stake in a bank further adds fuel to the fire that the two organizations will eventually partner up to release an XVG supported debit card. Other opportunities will shortly present themselves when the two organizations and projects, formally shake hands in a partnership.