The LTC Foundation & Token Pay bought a stake in WEG Bank, but aren't they supposed to replace the banks instead of buying them?
LTC Foundation and Token Pay buy a stake in WEG Bank AG, yes, a bank.
The LTC Foundation and Token Pay have entered into a strategic partnership to buy shares of WEG Bank AG.
The German-based bank has announced that 9.9% of its equity interest has been sold to Token Pay Swiss AG in share certificates.
Furthermore, Token Pay has the option to acquire more shares upon customary regulatory approval.
WEG Bank approached Token Pay in December 2017 with an interest in aligning itself and offering FinTech solutions to the newest cryptocurrency market, while still offering the same service it has always done to its established Real estate customer base.
Token Pay’s cutting-edge knowledge and savvy team make the WEG decision a smart strategic move.
To find out more about how blockchain is buying out banks CLICK HERE or follow the lower link:
https://bitcoinchaser.com/news/ltc-foundation-buys-stake-in-weg-bank
