Verge spits out a lot when it comes to her technology and its possibilities. However, the code is copied from another project and nothing that the crypto world has never seen before. Privacy is not automatically protected. For example, users must be careful to work exclusively with stealth addresses. Parts of the blockchain are public and so you can draw conclusions about cash flows via Blockchain analysis. Those who want to keep their account balances and cash flows private should probably look better for something else.