TokenPay is a totally decentralized payment platform designed to enable secure and smooth transactions between multiple parties. Where transactions are conducted with its own latest exchange with most advanced security features. Derek Capo the CEO of Token Pay announced on Friday, April 27th, 2018 over social media that TokenPay is buying 9.9% stakes in an undisclosed bank in Germany with an option to acquire the balance upon regulatory approval. He also promised to reveal the name of German Bank next week in Munich.
According to the media reports, many financial experts think that the acquisition of the German Bank by TokenPay will be executed in partnership with Litecoin. Because Charlie Lee who is the creator of Litecoin told media earlier in an interview that Litecoin foundation is considering to explore the banking possibilities in Germany.
The key to making this all work is ecosystems, partnerships and constant communication with regulators. Buying a bank in Germany gets us a seat at regulator table, key to educating governments. As for LTC we can add to our bank, debit card, gift cards etc Derek Capo CEO TokenPay
Earlier this year Capo offered Charlie to work with TokenPay and its allies like Verge, and they have to find a way to work together. Due to a Non-disclosure agreement (NDA) with Verge Capo didn’t elaborate on its Partnership. Litecoin has had their eyes on a debit card for a while now, having partnered with Wirex and Tenx, both for this purpose.
