At a Glance:

  • The Litecoin Foundation needed a bank.
  • The partnership opens up the potential to offer banking services to other crypto-related companies.
  • Also opens up the potential to offer products such as Litecoin debit cards and a reliable fiat source for merchant processing.
  • TokenPay previously had a deal to purchase the bank and partnered with the Litecoin Foundation for part of this deal.
  • Litecoin Foundation can help TokenPay with tech like the Lightning Network.

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