Many a number of cryptocurrency enthusiasts might have been wondering why the partnership between WEG Bank, TokenPay (TPAY) and Litecoin (LTC) have not yielded anything worth the front page of the newspaper. There seems to be light at the end of the tunnel as we write.
Litecoin Founder Charlie Lee has revealed that the he had a productive meeting with the CEO of WEG Bank, Matthias von Hauff.
From the meeting, Charlie pointed that some exciting products are being cooked by the bank.
“Last week, I had an very productive meeting with Matthias von Hauff, CEO of WEG Bank. He flew all the way from Germany for 1 day just to meet me! Matthias is not your typical banker and really gets crypto. Stay tuned for some exciting products from WEG Bank!”
Last week, I had an very productive meeting with Matthias von Hauff, CEO of WEG Bank. He flew all the way from Germany for 1 day just to meet me! Matthias is not your typical banker and really gets crypto. Stay tuned for some exciting products from WEG Bank! @tokenpay @derekcapo
— Charlie Lee [LTC⚡] (@SatoshiLite) February 21, 2019
In the same line, TokenPay (TPAY) has announced it is making some exhilarating announcement in few hours.
While the crypto space may be thinking the announcement is in regards to the much-awaited eFIN DEX, the team says it has nothing to do with the decentralised exchange.
Ruminating on this, TokenPay lovers are conjecturing the announcement might be from the WEG Bank’s arena.
Major announcement coming in a few hours (not @efinexchange related).🙃
— TokenPay ® (@tokenpay) February 22, 2019
Meanwhile, the CEO of TokenPay (TPAY) Derek Capo has hinted on the undisclosed major announcement:
“What do you think is more important a listing on an exchance like @binance or having institutions all over the world have access to acquire custodial $TPAY. HINT!!! ITS LIVE RIGHT NOW!!!! CAN YOU FIND IT?”
What do you think is more important a listing on an exchance like @binance or having institutions all over the world have access to acquire custodial $TPAY. HINT!!! ITS LIVE RIGHT NOW!!!! CAN YOU FIND IT? https://t.co/JM6o00E242
— Derek Capó (@derekcapo) February 22, 2019
TokenPay (TPAY), Litecoin (LTC) Partnership with WEG Bank AG in Germany: An Overview
Last year, TokenPay announced an official deal with Germany-based WEG Bank AG. The partnership included the blockchain firm buying 9.9% of the equity interest in the bank, with options to buy additional 80.1% of the bank upon customary regulatory approval.
Afterward, TokenPay (TPAY) transferred the equity to Litecoin Foundation after the two announced a worthwhile partnership.
Through the partnership, Litecoin is expected to provide a standardized and all-inclusive marketing and technology service agreement that will benefit TokenPay.
Through the partnership and the equity in WEG Bank, the two crypto friends would offer to the world, modern consumer-driven crypto FinTech solutions through the partnership and the equity in WEG Bank.
Matthias von Hauff, founder, and CEO of WEG Bank AG added:
“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.”