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   1687

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. 

Charlie Lee to Join Sun at Dinner With Buffet

TRON founder sent out invitations to meet with Buffett to several famous personalities from the world of crypto and Charlie agreed to meet
17 June 2019   390

Litecoin creator Charlie Lee is likely to join Justin San's meeting with billionaire and legendary investor Warren Buffet.

Sun sent out invitations to meet with Buffett to several famous personalities from the world of cryptocurrencies. Charlie Lee was among those who agreed to participate in the tenth Power of One charity dinner. In the invitation tweet, the founder of TRON described the creator of Litecoin as a good friend.

Lee thanked Justin and said that he was excited about the opportunity to meet with the legend of the world of traditional finance.

One commentator expressed the opinion that the head of Morgan Creek Digital, Anthony Pompiano, should certainly join the charity dinner.

Justin San will meet with Warren Buffett on July 25 in San Francisco. For this, the founder of the TRON Foundation paid $ 4.5 million.