||| Menü 
Startseite
Firmenveranstaltungen, Neuemissionen

10/11
09/11
08/11
07/09
08/09
09/09
10/09
11/09
12/09
01/10
02/10
03/10
Geschäftsberichte, Werbung, Earnings, Marketing, Verordnungen

10/11
09/11
03/09
04/09
05/09
06/09
08/09
09/09
10/09
11/09
12/09
01/10
02/10
Fusionen, Übernahmen

11/11
12/08
01/09
02/09
03/09
04/09
05/09
06/09
07/09
08/09
09/09
10/09
11/09
Personal, Belegschaft, Meldungen zu Produkten

06/08
07/08
08/08
09/08
10/08
11/08
12/08
01/09
02/09
03/09
04/09
05/09
06/09
07/09
08/09

Datenschutz
Impressum
Bankleitzahlen - online.de


TokenPay and Litecoin Announce an Extensive Crypto Strategic Partnership

TokenPay Swiss AG /
TokenPay and Litecoin Announce an Extensive Crypto Strategic Partnership
. Processed and transmitted by Nasdaq Corporate Solutions.
The issuer is solely responsible for the content of this announcement.

Litecoin Foundation acquires 9.9% of Germany's WEG Bank and agrees to provide
its world-class technology and marketing expertise to TokenPay and its several
blockchain initiatives, including:

* TPAY Cryptocurrency
* eFin Decentralized Exchange (DEX)
* TokenSuisse Asset Management
* WEG Bank FinTech Platform
* Multisignature Transaction Engine
LUCERNE, Switzerland, July 10, 2018 (GLOBE NEWSWIRE) -- Recently, TokenPay Swiss
AG announced its partnership with WEG Bank in Germany. Under the terms of the
previously announced deal, TokenPay acquired 9.9% of the bank along with options
to purchase approximately 90% overall of the bank pending the customary
regulatory approval. Today, this 9.9% stake in WEGBank was further transacted to
the benefit of Litecoin Foundation in exchange for a broad and comprehensive
marketing and technology service agreement to benefit TokenPay and its related
cryptocurrency and business operations. As a result of this partnership,
TokenPay and Litecoin combine as a leading force in creating and delivering to
the market modern consumer-driven crypto FinTech solutions.

Specifically, TokenPay will directly benefit from Litecoin's high-level
blockchain mechanization capabilities. The partnership will focus on several key
areas that have been identified by analysts as critical to the success of the
enterprise. This includes, but is not limited to, the TPAY cryptocurrency and
its vital blockchain, eFin decentralized exchange (DEX) and the EFIN coin,
TokenSuisse asset management and structured financial products, WEG Bank FinTech
platform including high demand consumer debit cards and the TokenPay
Multisignature Transaction Engine designed for processing fast and secure crypto
e-commerce payments for merchants.

Furthermore, at the same time, TokenPay has acquired an additional 9.9% of WEG
Bank. It is essential to understand that under German banking law no entity can
own more than 9.9% of a bank without regulatory approval. Upon the granting of
the approval, TokenPay plans to exercise its options to acquire the remaining
shares of WEG Bank it is entitled to purchase. With the prominent addition of
Litecoin as a strategic marketing, blockchain technology, and logistics partner
in WEG Bank and its long-standing partnership with Verge Currency, TokenPay
conservatively anticipates adding several hundred thousand customers to its
debit card solutions platform in the near term. Accordingly, the technical
expertise provided by Litecoin will be a tremendous benefit to the establishment
of comprehensive automation guidelines and standards employed by the bank as it
explores new market opportunities.

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
team@tokenpay.com
+13057672101



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



 
 ||| Themen-Infos 
· Mehr zu dem Thema Allgemeine Nachrichten

Der meistgelesene Artikel zu dem Thema Allgemeine Nachrichten:
FDA expands age indication for Menveo®, first and only quadrivalent meningococcal vaccine for infants as young as 2 months of age[1]

 ||| Artikel Bewertung 
durchschnittliche Punktzahl: 0
Stimmen: 0

Bitte nehmen Sie sich einen Augenblick Zeit, diesen Artikel zu bewerten:

Exzellent
Sehr gut
gut
normal
schlecht



Web site engine's code is Copyright © 2003 by PHP-Nuke. All Rights Reserved. PHP-Nuke is Free Software released under the GNU/GPL license.
Erstellung der Seite: 0.064 Sekunden