Aliant affirms Status as Litecoin’s Official Partner

Aliant Payments Systems, the US supplier of trade services and payment handling  declares it has passed into official partnership with the Litecoin Foundation 
05 April 2018   553

The company is the first to officially accomplish the Litecoin Foundation’s registration process. That makes it the first official payments partner and Litecoin payments manager. Litecoin has endured a hard month or two with all the hype guiding up to the LitePay launch which was not successful. Prices surged and slid, then this week LTC has taken a beating with the rest of the altcoins.

This can be confirmed by some strongly needed good news for the Litecoin Foundation though it has had little effect. Aliant has worked in the sphere of payments for already 15 years, and the cooperation would let the Litecoin Foundation to promote an option for merchants searching for a reliable and approved payments processor. Aliant will be the encouraged variant to choose as it is one of the only firms to offer cryptocurrency possibilities in retail, ecommerce, and mobile environments. 

We are thrilled to be partnering with the Litecoin Foundation to bring a trusted, stable solution to innovative merchants who are interested in adopting cryptocurrency payments. We look forward to working together to bring Litecoin payments to mass adoption.

Eric Brown, CEO, Aliant.

Also, earlier this week Amex supported crypto trading app Abra and announced that it will be using Litecoin smart contracts as part of its payments algorithm.

However, Litecoin has been crushed this year and was one of the worse performing altcoins in March, dumping almost 40% over the month. At present Litecoin is trading around $120, down from $215 this time last month. The whole market is bear dominated and it will need a huge driving force to reverse this trend.  

Litecoin Foudation to Purchase 10% of WEG Bank AG Shares

The acquisition of shares was the result of an agreement with the company TokenPay
11 July 2018   131

The non-profit organization Litecoin Foundation, which supports the popular crypto currency, announced the acquisition of almost 10% of the shares of the German bank WEG Bank AG.

As noted in the press release, the acquisition of shares was the result of an agreement with the company TokenPay, which operates with the transfer of assets from crypto-currency to fiat and vice versa.

It is reported that TokenPay transfers 9.9% of shares of the German bank WEG Bank AG to Litecoin Foundation to pay for technical support and the introduction of cryptocurrency payments for TokenPay customers.

This partnership is a huge win-win for both Litecoin and TokenPay. I’m 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’m also excited about Litecoin’s support in TokenPay’s eFin decentralized exchange.
 

Charlie Lee

Managing Director of the Litecoin Foundation

TokenPay purchased part of WEG Bank shares in May.

The partnership with innovative institutions such as TokenPay and Litecoin might at first come unexpectedly for a very conservative institution like us. But we have thoroughly and diligently examined the prospects of a common future, and we became convinced that the future of banking will make adoption of such modern payment methods inevitable. We are therefore proud to have teamed up with the best in the field.
 

Matthias von Hauff

Founder and CEO, WEG Bank AG

Rumours about possible cooperation between TokenPay and Litecoin Foundation appeared back in April.