Understanding the potential of Verge may be a slightly difficult task, because like Verge there are other blockchains who also offer privacy, think of Monero & Zcash. Monero even outperforms Verge’ privacy ! With that being said, Verge only costs about 0.01 XVG per transaction, this is basically a free of charge transaction. 

Verge focuses on anonymity and hiding user IP addresses which causes transactions to be completely untraceable. An IP address is the long string of numbers assigned to every device or computer that connects to the internet, having an IP address makes it possible for others to trace your online activities that have been performed on the connected device.

Verge ensures its anonymity by making use of multiple anonymity-centric networks. The Onion Router (TOR) and Invisible Internet Project (I2P). TOR protects identities by forwarding their communications over a distributed network of tunnels and relays spread across the globe run by volunteers.  Unlike Monero and other various privacy coins that rely on cryptography techniques and implementation, Verge rather banks on the existing and tested technology of TOR and I2P network to achieve its goals of protecting user identities.