Charlie Lee Says New Litecoin Products are on the Way Along with WEG Bank and TokenPay Partnership


Litecoin (LTC) could see new exciting products in the near future. The founder of the popular digital asset, Charlie Lee, said that he had a productive meeting with the CEO of WEG Bank, Matthias von Hauff. He went on saying that there are some exciting products coming to the space.

On Twiter, he wrote that the CEO of WEG Bank is not a typical banker and that he really gets crypto. Apparently, the products that could be released to the market could be linked to WEG Bank.

Moreover, TokenPay (TPAY) has also announced that the world’s first privacy coin certificate is now available for sale at the investment advisor and Crypto Asset Investment Solutions called Token Suisse. Users and investors can now purchase TPAY with fiat currencies and store their funds on the custodial solution offered by Token Suisse.

TokenPay announced the last year that they’ve closed a deal with WEB Bank AG, a financial institution located in Germany. The blockchain firm purchased 9.9% of the equity interest in the bank and the option to buy an additional 80.1% of the bank. Moreover, TokenPay transferred the equity to the Litecoin Foundation after the companies announced a new partnership.

Litecoin could be providing a standardized and all-inclusive marketing and technology service agreement that would also be beneficial for TokenPay. The main intention behind this partnership is to offer a more modern and consumer-focused cryptocurrency FinTech solution.

Matthias von Hauff explained about this partnership:

“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 of banking will make adoption of such modern payment methods inevitable.”

Litecoin is one of the largest cryptocurrencies in the market. At the time of writing, Litecoin is in the 5h position with a market capitalization of $2.98 billion. Each LTC can be purchased for $49.

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