New Banking System?

This article was published on: 04/26/18 7:44 PM

Marcin IwańskiWritten by | bitcoin, cryptocurrency, regulations

New Banking System?

Charlie Lee founder of the Litecoin and Derek Cape the CEO of TokenPay are thinking about creating a bank solution in Germany to work with regulations and even issue cryptocurrency debit cards.

According to the Finance Magnates, creator of the silver brother of bitcoin and CEO of TokenPay had conversation over Twitter which revealed that those two companies examine banking solutions in Germany.

Lee in a message to Finance Magnates confirmed that they were still negotiating. “We’re exploring it.” As he said. 

The conversation, which was made over Twitter, started as an overview of Verge partnership with porn industry giants (PornHub and Brazzers). The whole discussion took different direction when CEO of the TokenPay said that they are developing plans to purchase a German bank and will use Verge as their banking solution.

Everything started when lee replied with       “Great, thanks for helping make this happen,”

At beginning everything was unofficial, but when Capo wrote:

“So when do you want to talk about a REAL debit card solution? We are buying 9.9% of a bank in Munich with [the] option to buy 90%.We have a whole ecosystem and plan in place. Let me know how we can work together. The battle between old and new world is just getting started.”

Then he said:

“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.”

After few messages Lee offered his assistance and proposed changing a way of communication to private messages.

We hope that something good will come out of this collaboration.

Tell us what do think, here in the comment section, or via Facebook.

 

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Last modified: April 26, 2018

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