Charlie Lee, the Litecoin founder announced on Twitter that the company will collaborate with Tokenpay in a new partnership that will among other things acquire stake in the German bank, WEG.
Tokenpay, the Switzerland based cryptocurrency payment platform had earlier announced its acquisition plan for the privately owned German bank. In the release, Tokenpay stated that it will acquire a 9.9 percent stake in the bank. The percentage is the maximum allowed in German law without regulatory approval.
The statement also said that the bank agreed to a 90 percent equity acquisition
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