As businesses shift away from Stripe and PayPal, can Verify dominate the trusted payments market through consensus?
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Source: verify.as
In each CoinReview I do, I track performance of coins I've covered in the past - both good and bad performance:
#01: Change ($CAG) up 8% to $64M cap in 1 day since post
TO DATE: If you'd invested $100 in each at time of posting, you'd have turned $100 into $108.
What is Verify ($CRED)?
Verify aims to be an all-in-one financial hub with a wallet and a marketplace to manage traditional investments, loans, insurance and more.
Source: verify.as
It is currently valued at a cap of $51 million, with a coin price of $4.25. This is up 248% for the week.
Who is building it?
- Yazin Alirhayim, CEO:
VP at Amazon’s “Payfort Start” division. He previously founded White Payments, a “Stripe
for the Middle East”. White was acquired by Payfort (and later by Amazon) just 12 months after it launched.
- Ibrahim Mokdad, Head of BD: Master's in machine learning, solid experience in R&D at Exa
Source: whitepaper
Hit me with some technicals.
- Currently in ascending phase, near ATH with increasing volume:
Source: coinmarketcap.com
Green Flags:
- People HATE PayPal. Enough said.
- Yazin has some solid experience. Is he enough to run the whole show? No - but he has done good work in fintech before, and I'm sure he will continue to - whether on this project or the next.
Red Flags:
- Does UTrust already have a lock on this application? There is certainly room for emerging competitors to rise, as we've seen from ERCs like $REQ.
- Small team with slow GitHub contributions. In my experience watching ICOs, this is a bad sign for progress and eventual successful product, but it doesn't mean the price won't go up in the short term.
Where can I trade it?
$CRED trades on EtherDelta.
If you have found my posts useful and wish to buy me a beer:
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0x51e3c7b68F8C9f707459990e55dE8Effd76B5f61
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Excellent analysis, thanks for the information. Besides the great technical details, there was a study done comparing Steemit to it's peers, here is a link to a short summery of that report, Steemit won best in class.
https://steemit.com/money/@arthursen/steemit-wins-best-in-class-during-research-project