Litecoin Foundation acquires 9.9% of bank in payments partnership

posted 4 months ago
Litecoin Foundation, the non profit that supports the popular cryptocurrency, has acquired a near 10 percent stake in a German bank.

The deal comes as the result of an agreement with TokenPay, a crypto-to-fiat payments firm.

TokenPay has now passed ownership of the 9.9 percent of equity in WEG Bank AG to Litecoin Foundation in exchange for the latter's technical assistance in advancing the bank's plans to bring cryptocurrency payment solutions to customers and working with TokenPay on its various blockchain projects.
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