Article written by: Samuel Haig
Litecoin Foundation and Tokenpay Acquire 10% of German Bank
Tokenpay has revealed that a strategic partnership between it and the Litecoin Foundation has seen the entities acquire an approximately 10% stake in the German financial institution WEG Bank.
According to a press release published by Tokenpay, the deal will see WEG Bank “Provide its world-class technology and marketing expertise to Tokenpay and its several blockchain initiatives,” specifically citing Tpay Cryptocurrency, Efin Decentralized Exchange, Tokensuisse Asset Management, WEG Bank Fintech Platform, and Multisignature Transaction Engine.
Read the whole article here: https://news.bitcoin.com/litecoin-foundation-tokenpay-acquire-stake-german-bank/
What is your reaction to the acquisition of 9.9% of WEG Bank by the Litecoin Foundation and Tokenpay?