2018-7-11 17:06 |
The Litecoin (LTC) Foundation has acquired a 9.9 percent stake in Germany’s WEG Bank AG.
TokenPay has now transacted its 9.9 percent equity share of the bank to the Litecoin Foundation in exchange for an agreement that will see the Foundation providing its blockchain, marketing and logistics expertise to the benefit of TokenPay’s cryptocurrency and business operations.
Specifically, the deal will see the Foundation offering its “high-level” blockchain mechanization capabilities to assist TokenPay in realizing its major crypto and blockchain initiatives.
Litecoin founder Charlie Lee said of the new deal: “This partnership is a huge win-win for both Litecoin and TokenPay.
Litecoin is currently trading at around $80 and is the 6th largest cryptocurrency with $4.5 billion in market capitalization, according to Coinmarketcap.
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