Why Verge Adult Partnership will Shake up Verge Market
BITTREX:XVGUSD
Most people who only participate in the free porn models(ad supported and/or pirated) don't think about the fact that it is the membership and clip sites that originally produce the gross majority of the content. These sites make the bulk of their money on paid porn and that money is what fuels the content of nearly the entire industry. Additionally the tube sites make a lot of money off memberships and clips too; options the free porn purveyor often doesn't even notice are available.
Something most will overlook but is a huge deal, aside from privacy, is the cheap transaction fees. Currently the porn industry has the highest credit card processing fees, with some sites paying 15%+ for the ability to take cards alone. They can pay above of 30% if their merchant provider also provides the platform to sell the content and take payment. Verge can change all of this lowering the cost of porn and increasing the profits at the same time. Transactions will cost pennies instead of dollars and more vendors will be able to cut out the middle men who control the payment software and sell direct to consumers. More small time producers who have been locked out of the market due to high merchant processing startup costs will be able to enter the market as well using Verge.
The fact that porn is involved and that many investors in verge may not see the money being spent in porn (because they don't spend it themselves) may make cause a lot of investors to flee. Those that understand how big a deal it is for a privacy coin with a low transaction fee that is open to all vendors to land more than half of the world wide porn industry will buy in cheap and hold right on to when Verge becomes a household name; which it almost certainly will once over 50% of the porn industry starts endorsing it(Which just happened) and they start sharing the details with their customer base(65% of the global population).
Most people who only participate in the free porn models(ad supported and/or pirated) don't think about the fact that it is the membership and clip sites that originally produce the gross majority of the content. These sites make the bulk of their money on paid porn and that money is what fuels the content of nearly the entire industry. Additionally the tube sites make a lot of money off memberships and clips too; options the free porn purveyor often doesn't even notice are available.
Something most will overlook but is a huge deal, aside from privacy, is the cheap transaction fees. Currently the porn industry has the highest credit card processing fees, with some sites paying 15%+ for the ability to take cards alone. They can pay above of 30% if their merchant provider also provides the platform to sell the content and take payment. Verge can change all of this lowering the cost of porn and increasing the profits at the same time. Transactions will cost pennies instead of dollars and more vendors will be able to cut out the middle men who control the payment software and sell direct to consumers. More small time producers who have been locked out of the market due to high merchant processing startup costs will be able to enter the market as well using Verge.
The fact that porn is involved and that many investors in verge may not see the money being spent in porn (because they don't spend it themselves) may make cause a lot of investors to flee. Those that understand how big a deal it is for a privacy coin with a low transaction fee that is open to all vendors to land more than half of the world wide porn industry will buy in cheap and hold right on to when Verge becomes a household name; which it almost certainly will once over 50% of the porn industry starts endorsing it(Which just happened) and they start sharing the details with their customer base(65% of the global population).
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