Verge Currency
Verge Currency (XVG) is a community-driven, open-source Proof-of-Work cryptocurrency launched in 2014 that provides privacy-enhanced everyday payments via Tor-integrated wallets, serving individual users, 600+ merchants, and ISO 20022 institutional clients.
- Company typePrivate
- Founded2014
- HeadquartersFort Myers, United States
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Verge Currency does
Verge Currency (XVG) is a privacy-focused, Proof-of-Work cryptocurrency built on a Bitcoin-derived codebase with native Tor integration, multi-algorithm mining (five hash functions: Scrypt, X17, Lyra2rev2, myr-groestl, blake2s), and Dual-Key Stealth Addressing for IP and transaction-graph obfuscation. The project was created in 2014 under the name DogeCoinDark and rebranded to Verge Currency in 2016. It operates as a 100% open-source, community-driven initiative with no ICO, no pre-mine, and no formal corporate entity; all core contributors and developers are unpaid volunteers distributed across the US, Canada, Croatia, Portugal, India, and the Netherlands. The product surface includes a full-node Verge Core wallet, mobile Tor wallets for Android and iOS, a lightweight SPV Verge Electrum wallet, a re-engineered Verge Slim desktop wallet, the VergeX ISO 20022 institutional wallet, hardware wallet support (Trezor, Ellipal), a Meta VR wallet, paper wallet generator, and the parallel XVGETH ERC-20 token (plus XVGBSC, XVGPOLY, XVGBASE variants). Verge serves individual users seeking private everyday payments, merchants in retail/travel/entertainment (600+ accepting XVG), and — increasingly via VergeX — money service businesses and financial institutions requiring ISO 20022-compliant messaging.
There is no traditional revenue model. Development is funded by community XVG/BTC donations, a branded merchandise store, and a non-custodial instant exchange (VergeCurrency.Exchange, powered by ChangeNOW). The go-to-market is community-led and product-led: grassroots adoption is driven by the Fueled By Verge athlete sponsorship program (including Manny Pacquiao / PAC Foundation), an Ambassador Program with Development/Outreach/Marketing/Graphics departments, and active presence across Twitter, Reddit, Discord, Telegram, YouTube, GitHub, TikTok, and BlueSky. Distribution relies on self-serve wallet downloads, listings on 40+ global exchanges (Binance, MEXC, KuCoin, Bybit, Gate.io, Kraken Pro, HTX, BitMart, BTCC, CoinDCX), and channel partnerships with NOWPayments, MyCryptoCheckout, Binance Pay, Travala.com, MeconCash, CoinRabbit, and Voice Life. Transaction fees are fixed at 0.1 XVG per kilobyte with 5–10 second settlement and stated 100 TPS capacity.
Verge Currency firmographics
Firmographics- Name
- Verge Currency
- Legal name
- Verge Currency (no formal legal entity - community open-source project)
- Website
- https://vergecurrency.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Verge Currency (XVG) is a community-driven, open-source Proof-of-Work cryptocurrency launched in 2014 that provides privacy-enhanced everyday payments via Tor-integrated wallets, serving individual users, 600+ merchants, and ISO 20022 institutional clients.
- Ownership category
- akta.pro rank
Verge Currency industry classification
Industry- Product category
- Privacy Cryptocurrency
- NAICS
- Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- Crypto Payment Gateways & Checkout APIs (FSADAIAA), On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)
Keywords
Where Verge Currency is headquartered
LocationHeadquarters
- HQ city
- Fort Myers
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Verge Currency business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel, Supply Chain
Revenue model
- No Direct Revenue Model: Verge Currency is a decentralized open-source project with no ICO, no pre-mining, and no company structure. There is no primary revenue stream as all contributors are unpaid volunteers. Development is funded entirely through community donations.
- Community Donations: The project accepts XVG and BTC donations to fund development needs including servers, marketing, and development assistance. Donations are used exclusively for Verge-related needs.
- Merchandise Store: Verge branded merchandise store sells apparel that can be purchased with XVG and BTC.
- VergeCurrency.Exchange: Instant exchange service powered by ChangeNOW provides non-custodial cryptocurrency exchange with Verge XVG trading support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Cryptocurrency Transaction Fee |
Go-to-market motion4 records
Distribution channels9 records
Marketing channels14 records
Verge Currency product offering
Product offeringCore offering
Verge Currency is an open-source, community-driven cryptocurrency (XVG) built for everyday private digital transactions. It offers a suite of wallets (Verge Core, Tor-integrated Android/iOS wallets, Verge Slim, VergeX ISO 20022 institutional wallets, paper wallets, and a Meta VR wallet) plus the XVGTokens ERC-20 ecosystem on Ethereum and other chains, all backed by Tor obfuscation, multi-algorithm mining, and stealth addressing for transaction privacy.
Product overview
Verge Currency is a cryptocurrency designed for everyday transactions, offering a comprehensive ecosystem of products centered on privacy, speed, and utility. The core product lineup includes Verge Core (full-node desktop wallet), Verge Tor Wallet for Android/iOS (mobile wallets with Tor IP obfuscation), Verge Slim (lightweight desktop wallet), and VergeX ISO 20022 wallets for institutional use. Additional offerings include paper wallet generator for cold storage, Verge XVR for Meta VR, Docker/Flatpak deployment options, and the Verge Electrum SPV wallet for fast verification. The ecosystem also encompasses XVGTokens (ERC-20 tokens on Ethereum including XVGETH, XVGBSC, XVGPOLY, XVGBASE and cross-chain variants), and vPay applications for simplified digital payments. The project is 100% open-source, community-driven with no ICO or pre-mining, and was created in 2014.
Differentiator
Problem solved
Functional benefit
Products and services
- Verge Core Wallet Full-node desktop wallet for Windows, macOS, and Linux that requires downloading the entire Verge blockchain (~1GB+), providing complete network participation, mining capabilities, and full access to all Verge features including Tor integration and stealth addressing. Targeted at individual users and miners who want complete control of their node.
- Verge Tor Wallet (Android) Android mobile wallet (Verge XVR) with built-in Tor IP obfuscation and dual-key stealth addressing, enabling private sending and receiving of XVG. Available on the Google Play Store for individual consumers who want mobile-first private cryptocurrency access.
- Verge Slim Lightweight desktop wallet (rebranded from MyVergies) with built-in Tor support, creating 18-word seedphrase wallets for cross-platform compatibility with Android, Meta VR, and other desktop wallets. Available for Windows, macOS, and Linux AppImage. Targeted at individual users who want a faster alternative to the full-node Verge Core Wallet.
- VergeX (ISO 20022 Wallet) Specialized wallet application for institutions and money service businesses to make ISO 20022 compliant transactions on the Verge blockchain. Available for Windows, Linux, and macOS, enabling institutional interoperability with traditional finance messaging standards.
- Paper Wallet Generator Offline paper wallet generator for secure cold storage of XVG. Includes BIP38 encryption support, brain wallet generation, QR code scanning, and validation features. Targeted at individual users seeking offline long-term storage of their Verge holdings.
- Verge XVR (Meta VR Wallet) VR platform wallet designed for Meta VR headsets with native XR integrations and cross-device functionality. Enables Verge transactions within virtual reality environments, expanding the wallet ecosystem beyond traditional phones and desktops.
- Verge Electrum Lightweight SPV (Simple Payment Verification) wallet forked from Electrum that enables ~5 second transaction confirmations without downloading the full blockchain. Version 4.0.3 requires Tor for added privacy. Targeted at individual users who want a fast, lightweight wallet.
- XVGTokens (ERC-20 Ecosystem) Multi-chain ERC-20 token ecosystem extending Verge beyond its native blockchain to Ethereum (XVGETH), Binance Smart Chain (XVGBSC), Polygon (XVGPOLY), and Coinbase Base (XVGBASE), plus XVGAVA, XVGSON, and XVGARB cross-chain bridge tokens. Enables users to access Verge on Ethereum-compatible DeFi platforms.
- vPay Simplified digital payment applications powered by blockchain technology for everyday transactions. Designed to make blockchain payments effortless and convenient for everyday users and merchants.
Quantifiable outcome
- Transaction time: 5-10 seconds vs traditional methods
- +4 more outcomes
Companies that use Verge Currency
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
Verge Currency technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
Feature7 records
Verge Currency partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered minor, core and flagship.
- CardStorm.iominorGift card platform for crypto enabling Verge payments for gift cards.
- NOWNodescoreNOWNodes provides reliable 24/7 access to full nodes and blockbook explorers through simple API. Removes burden of node maintenance for Verge developers. Enables fast, scalable infrastructure and real-time on-chain data access.
- Unstoppable DomainscoreIntegration enables sending XVG to .verge domain names instead of wallet addresses. Unstoppable Web3 domains integration for simplified crypto payments.
- GuardarianminorCryptocurrency exchange enabling direct XVG purchases in the USA.
- Binance PayflagshipBinance Pay allows users to send, spend and receive cryptocurrency with zero fees and lightning fast payments. XVG integrated for worldwide accessible and effortless value transactions.
- 7bminorUser-friendly cryptocurrency trading app. Users can buy, sell, trade or hodl XVG with fiat options available. Buy Verge directly with credit card. Transparent about all fees with no hidden commissions.
- Travala.comflagshipCryptocurrency-friendly travel booking service backed by Binance. XVG accepted for booking 2,200,000+ properties, 400,000+ activities in 230 countries and 600 airlines. MOU signed July 2021 with full listing August 2021.
- Voice LifeflagshipStrategic alliance to create a new all-in-one payment system combining Voice Life's Far Field Wireless Charging Platform (FFWCS) with VergePAY for daily-use blockchain payments. Unveiled at CES 2021. Also includes MOU with rLoop for expanding Voice Life's wireless charging technology using blockchain.
- ChangeNOWcoreNon-custodial instant cryptocurrency exchange service focused on maximum safety, simplicity, and convenience. Provides access to 170+ coins for exchange without account creation. Also launched VergeCurrency.Exchange.
- MobiePayminorUniversal payment ecosystem providing mechanism for users to spend or transfer fiat and cryptocurrency instantly from mobile phone to merchants or other users.
- MeconCashcoreVerge Currency accepted on all 13,000 MeconCash ATMs in Korea. Enables cash withdrawals and deposits using XVG at ATM locations across South Korea.
- Atomic WalletminorXVG added to list of assets managed via Atomic Wallet for multi-asset cryptocurrency management.
- Manny Pacquiao FoundationflagshipCharitable foundation founded by Hall of Fame boxer Manny Pacquiao. Seeks to empower communities through charitable support. Has built over 1,000 residential homes and provides disaster relief, hospital bill assistance, and food resources.
- PAC FoundationflagshipNamed and founded on behalf of Manny Pacquiao. Partners with Verge under Fueled By Verge initiative.
- EllipalminorHardware wallet integration for secure cold storage of Verge (XVG). Firmware update released for Verge support.
- Ganja.comminorDiscretely and privately purchase Ganja.com CBD products with Verge Currency.
- PaycentminorXVG available as source of funding for Paycent's crypto-fiat cards used globally.
- BoardWorldminorAustralian snow/skate/surf retailer integrating Verge as payment option.
- NOWPaymentscoreNon-custodial crypto payment gateway enabling merchants worldwide to accept XVG. NOWPayments provides widgets, tools, and plugins for online payment integration. Also provides mass payment capabilities for payroll and rebates.
- XcelPayminorPoint of Sale (PoS) system enabling retailers and merchants to integrate Verge payments through XcelPay.
- XcelTripminorTravel booking platform where Verge Currency holders can book over 800,000 hotels, 300+ airlines across 200 countries.
Scale indicators9 records
Recent moves8 records
Expansion highlights5 records
Verge Currency competitors and assessment
Company assessmentDirect peers
- PIVX: PIVX is a privacy-focused proof-of-stake cryptocurrency with zk-SNARK shielded transactions. Comparable to Verge in combining payment utility with privacy features and community-led development model.
- Monero: Monero is the leading privacy-focused cryptocurrency using ring signatures, stealth addresses, and RingCT. It is the most direct comparable to Verge on the privacy coin axis and competes for the same privacy-seeking user base and merchant adoption.
- Dash: Dash is a payment-focused cryptocurrency with PrivateSend mixing for transactional privacy. Comparable to Verge as a privacy-payments hybrid with merchant adoption goals, though Dash leans more on speed-of-payments while Verge emphasizes anonymity.
- Bytecoin: Bytecoin is one of the earliest privacy-focused cryptocurrencies using CryptoNote ring signatures. It is comparable to Verge as an early-generation privacy coin targeting anonymous payments.
- Decred: Decred is a community-governed PoW/PoS hybrid cryptocurrency emphasizing decentralized treasury governance. Comparable to Verge as a governance- and privacy-conscious alternative cryptocurrency with multi-algorithm mining and community-driven development.
- Firo (formerly Zcoin): Firo is a privacy coin using Sigma protocols and Lelantus for confidential transactions. It targets a similar privacy-purist user base as Verge and competes in the same niche of cryptographic privacy enhancements.
- Zcash: Zcash is a privacy cryptocurrency using zk-SNARKs to enable shielded transactions. Comparable to Verge as a long-running privacy coin with optional transparency features targeting both retail users and institutional compliance.
- Horizen (formerly ZenCash): Horizen is a privacy-oriented blockchain platform with zk-SNARK shielded transactions and sidechain architecture. Comparable to Verge as a privacy cryptocurrency with a focus on payments and applications.
Others
- Travala.com: Travala.com is a crypto-friendly travel booking platform partnered with Binance that accepts XVG. It is an adjacent ecosystem enabler rather than a direct competitor, illustrating Verge's distribution strategy through flagship use-case partners.
Emerging players
- NOWPayments: NOWPayments is a non-custodial crypto payment gateway that integrates Verge and 200+ other cryptocurrencies. It is a payment-infrastructure peer that enables XVG merchant acceptance rather than competing directly, but operates in the adjacent crypto-payments ecosystem.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Verge Currency social profiles
Digital presenceVerge Currency compliance and trust
Trust signalCompliance1 record
Verge Currency financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verge Currency leadership team
Management profileNumber of profiles
Profiles6 records
Verge Currency funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verge Currency M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verge Currency
What does Verge Currency do?
Verge Currency is an open-source, community-driven cryptocurrency (XVG) built for everyday private digital transactions. It offers a suite of wallets (Verge Core, Tor-integrated Android/iOS wallets, Verge Slim, VergeX ISO 20022 institutional wallets, paper wallets, and a Meta VR wallet) plus the XVGTokens ERC-20 ecosystem on Ethereum and other chains, all backed by Tor obfuscation, multi-algorithm mining, and stealth addressing for transaction privacy.
Is Verge Currency a public or private company?
Verge Currency is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Verge Currency founded?
Verge Currency was founded in 2014. It employs 11 to 50 people.
Where is Verge Currency based?
Verge Currency is headquartered in Fort Myers, United States, in the North America region.
How does Verge Currency make money?
Four revenue lines are on record. No Direct Revenue Model is the primary driver. The others are community Donations, merchandise Store and vergeCurrency.Exchange.
Who are Verge Currency's main competitors?
Direct peers on record are PIVX, Monero, Dash, Bytecoin, Decred, Firo (formerly Zcoin), Zcash and Horizen (formerly ZenCash). Travala.com is listed as an others. NOWPayments is listed as an emerging player.
Does Verge Currency have an API?
No public API is recorded for Verge Currency.
What industry is Verge Currency in?
Verge Currency's product category is Privacy Cryptocurrency. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSADAIAA, Crypto Payment Gateways & Checkout APIs. Its NAICS code is 523210 and its SIC code is 6200.