Litecoin(LTC) acquires 10% of WEG Bank AG via Tokenpay

Litecoin(LTC) saw its price climb to $80.80 after the Litecoin Foundation acquired 10% stake in the German WEG Bank AG. This marks an unprecedented move for Litecoin and cryptocurrency in general and may give Litecoin more credibility when partnering up with payment vendors and merchants in the future. Crypto purists may not like the idea that LTC may be integrating or partnering with a centralized institution like a bank, but I think for the rest of us, this is great news as being aligned with a bank will give it more weight when considering future developments. I think this may be the beginning of something big for Litecoin and cryptos altogether and when its all said and done, if there is a coin that will be used by many merchants or vendors for real-world transactions, Litecoin may now have a leg up on the competition.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s