- September 2, 2021
- Posted by: Mainframe Consulting
- Category: Business Wire
DUBAI, United Arab Emirates–(BUSINESS WIRE)–There is an exciting new development taking place in the world of cryptocurrencies with the launch of the first utilimeme, TORG. The cryptocurrency, which has already started listing on centralized exchanges across the world, has a unique utility-focus. This focus is linked to its mission to put advanced financial technology in the service of mankind.
It is potentially a game-changer. With over 6,000 cryptocurrencies having been launched across the world, it was becoming increasingly difficult to differentiate one from the others. Each new meme coin has been following in the footsteps of others before it. They have all exhibited the same goal of attracting attention of the crypto community and helping people get rich with the rapid growth in their value. However, beyond this, these meme coins have demonstrated little or no relevance for everyday payments, the way one uses fiat currencies.
Realizing this gap, TORG has embarked on an exciting new course for cryptocurrencies, which focuses on enabling utility for the crypto users. It does this by allowing TORG owners to make payments for goods and services with it. A growing number of daily-life use-cases involving crypto payments with TORG will be possible.
The first tangible step in this direction has already been taken with TORG’s recent integration with CoinPayments. As a result, TORG users are now able to pay for goods and services using the cryptocurrency.
CoinPayments is the world’s pioneer and leader in crypto based payments for goods and services across over 200 countries and through more than 70,000 merchants. These merchants include not just shops and markets for goods and services, but also B2B businesses, tourism facilities, internet services, and several other businesses, including healthcare, car dealerships, restaurants and cafes, gaming, and crypto services. This initiative will help TORG emerge as a leading mode of payment for all kinds of goods, services and transfers. Global acceptance for payments is one of the two things it considers important to achieving this mission. The other is mass adoption by populations across the world.
Indeed mass adoption is the basic requirement for any technology to realise its impact and utilimeme is no different. In the upcoming days, the TORG Foundation aims to list the utility-focused cryptocurrency on some of the most recognised and widely used exchanges in the world. Since its listing on UNISWAP on July 20, 2021, TORG has already been added to 12 centralized exchanges (CEXs) namely BitMart, HotBit.io, DigiFinex, etc. Crypto community’s interest in owning and trading TORG has been evident since its launch.
Given the strategic new direction set by TORG, and the huge gap in utility focus among cryptocurrencies, we are likely to see a rapid emergence of other utilimemes in a short time frame. The Company sees TORG’s launch as a watershed moment in the evolution of cryptocurrencies and expects more utilimemes to emerge in its wake. TORG is trailblazing a new course for cryptocurrencies, which focuses on enabling utility for the crypto users. It does this by the upcoming product of TORG where holders can make payments for goods and services with it. Realizing the potential for transformative change in economic opportunities across the world, it feels there is more to be gained by collaborating rather than competing with new utilimemes. Therefore, it is aiming to support upcoming utilimemes as part of furthering its mission of contributing to human development using advanced financial technology.
About TORG FOUNDATION
The TORG FOUNDATION aims to create long-term sustainability of TORG for its users by investing in the infrastructure for expanding utilimeme’s global reach, relevance and use cases. It views sustainability from the perspective of both the developed and the developing worlds with the aim of helping TORG become a globally acceptable cryptocurrency.
Disclaimer: The information available on this article is for educational purposes only and not an offer, solicitation of an offer, or advice to buy or sell securities, investment or tax advice. Purchasing cryptocurrencies comes with a number of risks. All Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made here. The data and non-TORG names are for informational and identification purposes only.
Published at Thu, 02 Sep 2021 00:00:00 +0000