Talking about his possibility of capturing the position of a board member in a German Bank WEG Bank AG, Litecoin founder Charlie Lee spoke out on Reddit about the recent rumors of Litecoin paying the bank for this deal. He also mentioned the likelihood of the bank in rendering crypto services in near future.
On July 10, he was eager to announce the partnership deal between LTC Foundation and TokenPay, which is said to be the world’s best decentralized and self-verifying payment platform.
It’s been a week when 9.9 % of WEG Bank’s share was attained by Litecoin Foundation while partnering with an upcoming crypto-fiat payments firm TokenPay, in exchange of rendering expertise in blockchain, logistics, marketing and other business operations. Further, he clarified that no consideration has been paid by the Litecoin Foundation during the acquisition of this stake.
Lee’s Post on Reddit:
“Best case is that with this bank, we are able to create and deliver crypto solutions like debit cards, merchant processing, and other innovative solutions. However, even with a stake and influence at the bank, it’s not guaranteed that this will succeed.”
He also simplified that there is a clear difference between the Litecoin and the Litecoin Foundation, where Litecoin being a decentralized digital currency and Litecoin foundation is a centralized organization aiming for the growth & development of Litecoin in the upcoming years.
While making “clarifications”, the founder of 6th largest cryptocurrency did not forget to condemn ICOs and appealed to the investors for paying clear attention to the leading cryptocurrencies such as Bitcoin and Litecoin.
Litecoin is a peer-to-peer decentralized open source system which is believed to capture the crypto market in the upcoming years. It is said to beat the world’s first cryptocurrency – Bitcoin. It has become a great topic of discussion “Will Litecoin be able to reach $200 billion?”