2018-7-18 08:09 |
Litecoin founder Charlie Lee posted on Reddit today, July 17, to clarify his position within the Litecoin Foundation and the future of the Foundation following its acquisition of a stake in German bank WEG Bank AG.
In his post, Lee mentioned the possibility of the bank offering crypto services.
Last week, the Litecoin Foundation acquired a 9.9 percent share in WEG Bank through a new strategic partnership with crypto-fiat payments firm TokenPay.
In exchange for providing its blockchain, logistics, and marketing expertise to TokenPay’s crypto and business operations, Litecoin received TokenPay’s former 9.9 percent stake in WEG.
He added that, even if they are unable to work with the bank in pushing for crypto services, the Litecoin Foundation will benefit financially from their stake.
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