Exactly! This is such a basic principle that i don't understand why people can't make sense of it. Verge did a good job and was at no fault by announcing and trying to hype the partnership. It is exactly what it was advertised and the partnership is real.
Funny thing is that it seems investors suddenly have morals now. Lol.
It's counter intuitive to pay with crypto though. See:Funny thing is that it seems investors suddenly have morals now. Lol.
Verge is under fire at the moment. I think even PornHub is trying to hide how bad this partnership truly is now. They changed their logo to something entirely irrelevant...
Funny thing is, that the service when paying with crypto is actually worse. No free week, or any promotion that users would normally get when paying with FIAT. Also no refunds. lol
Morese on that issue, using any cryptocurrency as a means of payment means that the merchant is instantly liquidating. This creates selling pressure and hence lowers the price. Funny thing is, that the service when paying with crypto is actually worse. No free week, or any promotion that users would normally get when paying with FIAT. Also no refunds. lol
Verge has only kept falling since the news were announced.
If the service is worse than that's something Verge should work out with them but there will still be plenty of people willing to sacrifice the additional perks.
They may be instantly liquidating or liquidating in batches, or never at all, we do not know. It does create selling pressure but this is only matched in advance by buying pressure. People have to buy the coins in the first place in order to purchase their memberships etc therefore there's an equiibrium and other than potential volatility at has no negative influence on the price.