TokenPay and Litecoin Announce an Extensive Crypto Strategic Partnership - Seite 2

Charlie Lee, Managing Director of the Litecoin Foundation, stated, "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."

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."

Prof. Dr. Jorg E. Wilhelm, Head of Supervisory Board of TokenPay Swiss AG commented, "We are elated to be in the process of acquiring a large stake in a successful business bank based in Germany such as WEG. Our ecosystem consisting of the TPAY blockchain, WEG Bank, TokenSuisse and Litecoin Foundation provides us with a tremendous opportunity regarding merchant solutions, along with a strong and diverse customer base for our crypto debit card business. The tangible reality of bridging the gap between the old and new world is electrifying."

TokenPay Swiss AG
TokenPay Swiss AG is a blockchain development company that incorporates Bitcoin cryptographic technology with advanced security and privacy features. TPAY is the world's most secure coin. It employs an advanced proof-of-stake algorithm, Tor IP blocking and it is the feature cryptocurrency deployed in the robust TokenPay Multisignature Transaction Engine e-commerce merchant processing platform. TokenPay has an extensive financial ecosystem that includes key stakes in banking and asset management firms.

Litecoin Foundation
The Litecoin Foundation is a Singapore-based non-profit organization created to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies. Litecoin was created by Charlie Lee in 2011 as a transaction-friendly cryptocurrency. It is commonly thought of as the "silver" to Bitcoin's gold and has key technical differences that make it superior to Bitcoin for payments due to its faster transaction speeds and lower fees.

WEG Bank AG
WEG Bank was founded in 2015 and is the second bank started by CEO Matthias von Hauff. It is a thriving, market-leading German institution known throughout the industry as a market leader in the real estate renovation and modernization projects market. WEG Bank plans to create a new division, which will not disrupt the current one, that will enable consumers and merchants to integrate FinTech and blockchain technology and services.

Press and Media inquiries:

Derek Capo
CEO of TokenPay
[e-mail]
[phone]

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TokenPay Swiss AG via Globenewswire

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