The unveiling of Verge’s mystery partnership opened doors to many things. It is noteworthy that there has been reduction in the value of Verge since the announcement was made. However, there are two to three success stories for Litecoin (LTC) and TokenPay (TPAY).
When Charlee Lie, Litecoin Founder teased Verge on Twitter, and urged Pornhub to add bigger cryptocurrencies claiming the entertainment industry should not be monopolized, many a number of enthusiasts took their time to condemn Lie’s stance on the partnership. Derek Capo, CEO TokenPay was part of those who condemned Lie’s attitude, questioning the CEO on why he failed to contribute to the crowdfunding that made Verge (XVG) gain partnership with Pornhub and Brazzars.
However, Lee was adamant and went on disparaging the partnership saying money-induced corporation is not ideal for the crypto space. Condemning the incidence, Darec said it seems Lee as well bribed coinbase to have it listed on the exchange. The conversation went on, and surprisingly it birth a Non-disclosure Partnership between TokenPay and Litecoin (LTC).
How The Partnership Happened
While Daren and Charlee were taking on each other on who failed to donate and who donated, Daren revealed that TokenPay has a partnership with Verge and that they, TokenPay, are buying a bank in Germany and will be using Verge as their banking solution.
“1. If tokenpay did not donate the deal does not happen. 2. tokenpay has a partnership with vergecurrency for our banking solution (we are buying bank in Germany). 3. More partnerships between crypto is important. TokenPay also benefits in helping large community, etc.”
During this period, Daren, however, question Charlee on Litecoin’s desire to have debit card. Since, Litecoin has been partnering with different firms to make sure a debit card is produced in the cryptocurrency’s name. Cryptocurrency enthusiasts hopes that in few month a Litecoin Debit Card would surface.
“No problem, so when do you want to talk about a REAL debit card solution? We are buying 9.9% of a bank in Munich with 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”
“They 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.”
“Thanks. Let me know if there’s anything I or the Litecoin Foundation can do to help,”
The Partnership Confirmed!
Litecoin (LTC) and TokenPay (TPAY) did not reveal what the partnership is all about till now, but it was confirmed in a tweet by TokenPay that the two cryptocurrencies have entered into a Non-Disclosure Agreement.
“TokenPay CEO derekcapo Interview with Sean Davis. THE TPAY ECOSYSTEM EXPLAINED. XVG Deal LTC NDA Signed”
While it may not be absolutely clear what the agreement may be on, the two have highlighted above that it the partnership is either on having more stake in a German bank or partnering on producing a Litecoin-TokenPay Debit Card. Either of the two is a blessing.
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.