The new partnership between the Litecoin Foundation and the crypto-fiat payment company TokenPay has been formed. Right away it has shown results with the Litecoin Foundation purchasing 9.9 percent stake in the German WEG Bank AG.
The 9.9 percent equity share from the bank to the Litecoin Foundation has been processed by TokenPay with an agreement that the Foundation will provide its blockchain, marketing and logistical experts to help TokenPay’s business and crypto operations.
The type of assistance that TokenPay will get is help with executing their big plans of developing of their TPAY token and under the hood blockchain development and of course the eFin decentralized exchange with a native EFIN token.
Help will be also provided with TokenPay’s asset management framework called TokenSuisse, the WEG Bank Fintech platform and the TokenPay Multisignature Transaction Engine created to enable merchants to execute fast and secure e-commerce crypto payments.
TokenPay on the other hand has an existing partnership with Verge coin, and their plans are to help them deliver Verge’s crypto debit cards in near future.
Charlie Lee the Litecoin founder had also commented on this partnership:
“This partnership is a huge win-win for both Litecoin and TokenPay. I’am looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin. I’am also exited about Litecoin’s support in TokenPay’s eFin decentralized exchange.”