KUALA LUMPUR, July 11 (Bernama) -- TokenPay Swiss AG and Litecoin Foundation will combine as a leading force in creating and delivering to the market modern consumer-driven crypto fintech solutions.
TokenPay Swiss AG is a blockchain development company that incorporates Bitcoin cryptographic technology while Litecoin Foundation is a Singapore-based non-profit organization created to advance Litecoin for society.
Recently, TokenPay Swiss AG announced its partnership with WEG Bank in Germany with TokenPay acquired 9.9 per cent of the bank along with options to purchase approximately 90 per cent overall of the bank pending the customary regulatory approval.
The 9.9 per cent stake in WEGBank was further transacted to the benefit of Litecoin Foundation in exchange for a broad and comprehensive marketing and technology service agreement to benefit TokenPay and its related cryptocurrency and business operations.
The partnership will focus on several key areas that have been identified by analysts as critical to the success of the enterprise, a statement said.
Litecoin Foundation agrees to provide its world-class technology and marketing expertise to TokenPay and its several blockchain initiatives, including TPAY Cryptocurrency, eFin Decentralized Exchange (DEX), TokenSuisse Asset Management, WEG Bank FinTech Platform and Multisignature Transaction Engine.
Accordingly, the technical expertise provided by Litecoin will be a tremendous benefit to the establishment of comprehensive automation guidelines and standards employed by the bank as it explores new market opportunities.
More details on https://www.tokenpay.com/ and https://litecoin-foundation.org/
-- BERNAMA
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