TenX to Launch Litecoin Debit Cards

TenX has entered a partnership with Litecoin, and is working to introduce a co-branded card
11 April 2018   982

TenX makes it easy for users to keep and send virtual currencies as they spend with your TenX card. The user can store, send, and receive virtual currencie, send them to other TenX wallet users for free, and also order the TenX cards, which will be available soon.

Litecoin Tenx cardLitecoin Tenx card

TenX has recently added support for LTC on the TenX wallet app for both iOS and Android.  Moreover, TenX has reported on April 11 that it has entered a new partnership with Litecoin, and is working to introduce a co-branded card for which more information will be available soon.

Charile Lee tweet regarding TenX and LitecoinCharile Lee tweet regarding TenX and Litecoin

The announcement was also mentioned by Charlie Lee, the widely-known creator of Litecoin, who wrote that Tenx and Litecoin are working on issuing debit cards supporting Litecoin. This is the great news for the community, and we will keep our readers updates on all the upcoming news.

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

  • Average Price: $114,14
  • Market Cap: $6 395 549 187 
  • 24h Vol: $193 304 000

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.