Verge Coin (XVG) Price Soars in Light of iOS Wallet Announcement for Transactional Privacy

Privacy-focused crypto Verge (XVG) just released their iOS Wallet which was well. In a knee jerk reaction, the price for the coin soared over 7% but it has stabilized since then.

The #Verge #iOS wallet is built to respect your transactional #privacy by routing your wallet connection via the @TorProject.

The wallet is now available for download on all @Apple iOS devices running iOS 11.4 or newer!

Link:https://t.co/ljjaoAJUxO#VergeFam #XVG $XVG pic.twitter.com/uCwibFJddJ

— VergeCurrency (@vergecurrency) April 23, 2019

The key features that iOS wallet possess are Tor, store addresses in a specific address book, share users receive card, private keys will be provided to users, touch and face ID support, Apple watch support, Siri integration, and such other features will play a key role in enhancing the ability of the Verge iOS wallet.

Created in 2014 under its original name of DogecoinDark, Verge (XVG) is an open-source privacy coin with a team of international developers. Verge uses the anonymity tool Tor and an anonymous network layer I2P to hide specific transactions’ IP addresses and locations. Transaction speed on Verge is estimated to be at 5 seconds due to the use of Simple Payment Verification (SPV). The Core QT wallet has built-in TOR integration and SSL encryption which obfuscates the IP addresses of users.

2018 was a pretty bad year for XVG; price-wise, tech wise but also business wise. The major news of the year was the bought partnership with PornHub, back in April 2018. But not long after that, Verge blockchain was attacked two times, tarnishing coin’s reputation beyond repairable. The downfall of altcoins that were mainstream media darlings at the start of 2019, XVG among them, can be attributed, in part, to novice investors getting scared off once the bear market kicked in with a vengeance.

Although there are indications that there is a triangular arbitrage opportunity which can return some large profits.

Hurry! 30.59% triangular arbitrage considering volume in #ODE via #Bitfinex. If you buy #ODE in #BTC market from #Livecoin and convert it to #XVG in #Bitfinex and sell it on #BitBns.

— KoinKnight (@KoinKnight) April 23, 2019

It is currently the 49th biggest cryptocurrency with a market cap of $140,339,286 USD.