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First Cryptocurrency Used by Pornhub Eyes New Use Case in Mobile Charging
Verge is teaming with a U.S. firm to launch a mobile-charging device that accepts crypto payments.
Cryptocurrency project Verge, previously adopted for payments by Pornhub, is forging a new role as a means to pay for mobile charging.
STORY CONTINUES BELOW
- Verge Currency announced Tuesday it has teamed up with a U.S.-based firm called Voice Life to develop a new mobile charging device that accepts verge (XVG) as payment.
- The tech will be on display at the Consumer Electronics Show in January 2021.
- When launched, users will be able to use the VergePAY platform to fund a two-minute charge of mobile devices. XVG is the only cryptocurrency the system will use, a Verge representative told CoinDesk.
- The system will use a Far-Field Wireless Power Charging System from Voice Life. This "will ultimately convert ambient terahertz waves into storable energy," according to the firm's website.
- Voice Life CEO Robert Smith said, "The 'holy grail of blockchain technology' is going to be a real-time application that extends its utility beyond just improving financial transactions. We believe we are developing that application with Verge."
- Pornhub previously used verge as its only cryptocurrency option for performer payouts after PayPal withdrew its services from the company. It has since added the tether (USDT) stablecoin and tron (TRX). More recently, it added bitcoin and litecoin payments.
Also see: PayPal’s Axing of Pornhub Model Payments May Boost Crypto Conversions
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
