Litecoin price jump

Price of Litecoin rises on the background of big volume of South Korean exchanges trade
09 November 2017   1349

Litecoin gained almost 20% of its price in last 7 days. It still remains on the 5th place by the marketcap.

Litecoin price chart
Litecoin price chart

Litecoin is being traded actively at:

  1. Bithumb
  2. GDAX
  3. Bitfinex

Litecoin markets
Litecoin markets

The growth of demand for this cryptocurrency is facilitated by its recent addition to the listing of the South Korean exchange Coinone. In general, Litecoin is the fourth most popular digital currency among crypto traders, yielding only bitcoin, Ethereum and Bitcoin Cash in terms of trading volumes. The rapidly growing volume of lightcoin trading against the backdrop of growth in its price hints at the continued growth of the crypto currency. 

At the moment of press, these are main market parameters of LTC:

  • Average price: $63.82
  • Marketcap: $3,429,569,124 
  • 24h volume: $317,555,000

 

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.