Litecoin cryptomain founder Charlie Lee has confirmed to Finance Magnates that negotiations with TokenPlay on mutual cooperation are still underway, and the whole thing is still under investigation.
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Twitter talks with Charlie Lee and Derek Capo, the CEO of TokenPay, revealed that these two companies are looking for a bank solution in Germany that would facilitate government education and cooperation with regulators, crypt debit cards, and so on.
In an exclusive report for Finance Magnates Lee, he confirmed that negotiations are still in the process and behind the closed doors, saying:
We're just exploring the whole thing.
Earlier in the month, Litecoin announced a deal with TenX to release the LTC debit card.
The twitter interview that started with the partnership with Verge and PornHub took an exciting direction when TokenPay CEO Derek Capo revealed that the company is developing a plan to buy a bank in Germany and wants to use Verge for their banking solution. Consequently, Derek offered Charlie the opportunity to discuss real solutions for debit cards and cooperation that would bring benefits to the LTC.
The beginning of an unofficial negotiation was tweet from the TokenPay CEO:
"So when would you like to talk about a real debit card solution? We buy 9.9% of the Bank in Munich with the option to purchase up to 90%. We have the whole ecosystem and plan. Let me know how we could work together. The battle between the old and the new world is just beginning. "
The key to doing so is the ecosystem, partnership and continuous communication with regulators, he continued. The bank's bank in Germany will provide us with a place at the table with regulators, which is the key to educating governments. The bank may have a LTC / USD pair, debit and gift cards, and so on.
Lee subsequently offered his help and assistance to the Litecoin Foundation. Before Lee confirmed these reports to Finance Magnates, it was confirmed from another online source that Litecoin and TokenPay had entered into a form of non-discrimination agreement.
It is clear that this cooperation is still in its infancy and it will take a while for this partnership and plan to bring its fruit. Cryptosphere, however, can now enjoy the results of this cooperation, which may positively influence the entire industry in the future.
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