tokenpay / 44 posts found

TokenPay Ecosystem Report — May 2018

by crypto journalist
May has been an exceptionally busy month operationally for us. After closing the deal with WEG Bank on May 9th, our development team has started working on the crucial high level integrations necessary to create a high volume marketplace with a tight bid and ask spread for TPAY. This is an essential step in powering our Multisignature Transaction Engine which serves as the backbone of our merchant payment platform. In addition to all of the integrations mentioned in this update report, we are in discussions with several high volume crypto exchange platforms including ones with industry leading volume. Further announcements […]

TokenPay Acquires German Bank, May Lure Verge (XVG), Litecoin (LTC) Into It

by crypto journalist
TokenPay, a large contributor in the crowdfunding that see Verge (XVG) partner with Pornhub has successfully acquired a stake in a Munish based WEG Bank AG, in Germany. And there is possibility that the firm may lure Litecoin and Verge into the partnership. The deal, according to TokenPay, is officially closed, and the shares have been transferred. Also the timing is in line with the whitepaper Roadmap Projections of the blockchain firm. WEG Bank had since, transferred to TokenPay Swiss AG, the share certificates representing 9.9% of the equity interest. It as well, gave the blockchain firm the option to acquire […]

Strategic Partnership Announced Between TokenPay and Litecoin Foundation

by crypto journalist
In May 2018, TokenPay Swiss AG joined with WEG Bank in Germany. The former attained a 9.9 percent stake in the bank, along with the option to purchase as much as 90 percent, pending regulatory approval. On July 10, 2018, that 9.9 percent stake has been transacted to the Litecoin Foundation in exchange for a marketing and technology service agreement that could greatly benefit TokenPay. Under current German banking laws, a business cannot own more than 9.9 percent of any bank without legislative support. Should TokenPay earn the approval it needs, the company will purchase the rest of the bank’s […]

Litecoin Foundation and Tokenpay Acquire Stake in German Bank

by crypto journalist
Tokenpay Swiss AG has officially confirmed that it has acquired a 9.9 percent stake in WEG Bank AG in partnership with the Litecoin Foundation. The terms of the agreement will also include options to purchase approximately 90% overall of the bank, pending the customary regulatory approval. Litecoin Foundation and Tokenpay Acquire 10% of German Bank Tokenpay has revealed that a strategic partnership between it and the Litecoin Foundation has seen the entities acquire an approximately 10% stake in the German financial institution WEG Bank. According to a press release published by Tokenpay, the deal will see WEG Bank “Provide its world-class […]