A dialogue that befell over Twitter between Litecoin founder Charlie Lee and TokenPay CEO Derek Capo has revealed that collectively, the 2 companies are exploring a banking answer in Germany that may facilitate authorities schooling and work with regulators, crypto debit cards, and extra.
In an unique message to Finance Magnates, Lee confirmed that he's certainly contemplating this answer, saying that “we’re exploring it.”
Earlier this month, Litecoin introduced a partnership with TenX to launch an LTC debit card.
TokenPay is Creating Plans to Buy a German Financial institution
The dialog, which started with regards to Verge’s partnership with PornHub, took an attention-grabbing flip when TokenPay CEO Derek Capo revealed that TokenPay is growing plans to buy a financial institution in Germany and to make use of Verge as their banking answer.
1. If @tokenpay didn't donate the deal doesn't occur. 2. @tokenpay has a partnership with @vergecurrency for our banking answer (we're shopping for financial institution in Germany). 3. Extra partnerships between crypto is necessary. TokenPay additionally advantages in serving to giant group, and many others.
— Derek Capo (@derekcapo) April 17, 2018
“Great, thanks for helping make this happen,” Lee wrote in reply.
The 2 continued discussing the subject. “No problem,” Capo tweeted. “So when do you want to talk about a REAL debit card solution? We are buying 9.9% of a bank in Munich with [the] option to buy 90%. We have a whole ecosystem and plan in place. Let me know how we can work together. The battle between old and new world is just getting started.”
“They [sic] key to making this all work is ecosystems, partnerships and constant communication with regulators,” Capo continued. “Shopping for a financial institution in Germany will get us a seat at regulator table, key to educating governments. As for $LTC we are able to add to our financial institution, debit card, present playing cards and many others.”
Lee then supplied his personal help and the help of the Litecoin Basis with an invite to Derek Capo to “DM” (direct message) him. Earlier than Lee’s message to Finance Magnates, it was confirmed elsewhere on-line that Litecoin and TokenPay had entered into some type of non-disclosure settlement.
@SatoshiLite and @tokenpay NDA has been signed for potential partnership? Fairly large for #Litecoin https://t.co/BLHarvyR19
— Thomas James [LTC] (@ltcninja) April 20, 2018
Whereas the fruits of this new relationship have but to be borne, the cryptosphere can look ahead to what is going to more than likely be some optimistic progress for the entire trade.
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