- TokenPay Swiss AG announced its partnership with WEG Bank in Germany. Under the terms of the previously announced deal, TokenPay acquired 9.9% of the bank along with options to purchase approximately 90% overall of the bank pending the customary regulatory approval. As per the statement from Tokenpay
- Tpay had 9.9% stake in WEGBank which was further transacted to the benefit of Litecoin Foundation in exchange for a broad, detailed and extensive marketing and technology services. An agreement that will benefit TokenPay and its related cryptocurrency and other business operations. TokenPay and Litecoin combined together to create and deliver to the market modern consumer-driven crypto FinTech solutions.
- TokenPay will benefit from Litecoin’s high-level blockchain mechanization capabilities. This includes, but is not limited to, the TPAY cryptocurrency. Its vital blockchain, eFin decentralized exchange (DEX) and the EFIN coin. TokenSuisse asset management and structured financial products, WEG Bank FinTech platform including high demand consumer debit cards and the TokenPay Multisignature Transaction Engine. That aid in fast and secure cryptocurrency e-commerce payments for merchants.
- Charlie Lee
- TokenPay Swiss AG
- Litecoin Foundation
- WEG Bank AG
- About The Author
Last updated on October 19th, 2020 at 01:38 pm
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TokenPay Swiss AG
WEG Bank AG