Litecoin price spikes on news they have acquired a stake in a German bank moving towards crypto-fiat payments.
So many of us love Litecoin for all the things it is, and all the things that it also IS NOT.
I'm one of them!
Litcoin continues to quietly just move forward and go places other crypto projects can't -- or won't.
This is another good day for crypto mass adoption.
Litecoin CAN be a global payment solution in terms of speed and fees and network reliability.
The world's sixth-largest cryptocurrency by market value looks to have picked up a bid on reports that the Litecoin Foundation has acquired a 9.9 percent stake in Germany's WEG Bank through a new partnership with crypto-to-fiat payments provider TokenPay.
The strategic partnership has opened the doors for new consumer-focused crypto payment solutions, and, according to litecoin founder Charlie Lee, is a "huge win-win" for all parties.
The deal comes as the result of an agreement with TokenPay, a crypto-to-fiat payments firm, according to an announcement on Tuesday.
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.
via: https://www.yahoo.com/news/litecoin-price-spikes-above-80-150040055.html
https://www.coindesk.com/litecoin-foundation-acquires-9-9-of-bank-in-payments-partnership/
https://twitter.com/BarryDutton/status/1017123044639330305
May God bless Bitcoin steem and sbd too why they are killing sbd reached 1.12 $ i feel very bad at this moment barrydutton 🙁
I take a neutral position.. i'm interested in some real data for the cause of the slump of STEEM and SBD. Questions are:
My guess without numbers is there is a mixture of all. There is a lack of confidence together with this bear market. On Telegram i see always people who blindly throwing their money into ICO's which they need for next month for paying their bills.. and always same question "When moon?" "When lambo?".. "i must pay my bills.. whining.." On Steemit there are also people who need the payouts for pay their bills and with the ongoing devaluation they need more, must work harder and powering down everything.
But the good thing is fundamentally we are stepping forward, even if not on Steemit but in the whole space and that leads inevitable to the next bull run at some point which is also good for STEEM.