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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.
Updated Sep 14, 2021, 10:46 a.m. Published Dec 22, 2020, 2:01 p.m.
Cryptocurrency project Verge, previously adopted for payments by Pornhub, is forging a new role as a means to pay for mobile charging.
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- 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 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 stablecoin and . More recently, it added bitcoin and litecoin payments.
Also see: PayPal’s Axing of Pornhub Model Payments May Boost Crypto Conversions
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