Litecoin Foundation buys 10 % of German Bank —- major move for Litecoin acceptance thru the “old system”
Source: https://www.coindesk.com/litecoin-foundation-acquires-9-9-of-bank-in-payments-partnership/
https://www.tokenpay.com/litecoin
https://www.tokenpay.com/litecoin
Litecoin Foundation has announced that they are purchasing 9.9% of Germany’s WEG Bank. The deal comes after the agreement between Litecoin and TokenPay.
TokenPay is a crypto to fiat payments firm.
There’s is much going on behind the scenes with Litecoin and they are taking actions to become part of the “old financial system” so that that Litecoin will be accepted all over.
Imagine a Litecoin Debit Card....
Imagine this Litecoin Debit Card that is integrated into the old banking system so that retailers will accept.
This is a very smart move from Charlie Lee and the Litecoin Foundation.
IMHO....it’s moves like this that will radically affect user user adoption.
There is more to come :-)
Great move by litecoin. Either the old companies adopt blockchain technology or they get bought. There is just no other way. New always replaces the old. Either adapt or dissapear
I agree. I am really excited with this move and more to come :-)
Free Upvotes
ENJOY !
Got to get in the main stream to get accepted.
yes....and they know this so they are going in the back door :-)
Very good news indeed! I have high hopes for Litecoin!!
Thanks for sharing!
You are welcome and your hopes will be rewarded with Litecoin price movement this year and beyond.
Red Alert! Something is up. I read this news article. I went to try to confirm some information about this bank, and it looks fishy. First of I went to Google and noticed 69 Perfect 5 star reviews, recently put up. If this is a real bank, if should have some mad customers. IE from repossessing cars, and homes when people don't pay. Second, the website was www not https... how do real bank customers securely log in. I went to go check out DNS info on the banks and the data just gave me small red flags all over the place. I could not see an old veiw of the website on the internet archive. Basically, this just flunked all the tests I did to try to determine if the bank is real. For me... I am raising the Red Flag. Fake Bank. Buying a bank is easy, if you have some spare cash, they are sold by business brokers all the time. You can also buy a donut shop or auto repair shop the same day at the same brokers. Small banks only go for a few million. So I am saying we need more proof this is a real operating bank, with real customers... This evidence, -from my limited internet search is totally missing!..
WEG appears to be an abbreviation in Germany. (something related to remodeling or apartments?) And this bank specialized in only that... Still a little fishy...