Litecoin’s (LTC) Charlie Lee signs NDA with rising giant TokenPay (TPAY): LiteCard on the Way?

TokenPay (TPAY) has partnered with a couple of blockchains starting with Verge (XVG), Enjin (ENJ) and most recently signed a non-disclosure agreement with Litecoin (LTC). The current cryptocurrency market has so far favored and rewarded any partnership with potential futuristic plans and that is what the ‘partnership’ between Litecoin and TPAY will be for its users. Litecoin’s CEO Charlie Lee welcomed the idea of an agreement between LTC and TPAY with the LTC boss hinting on a possible integration of LTC to TPAY ecosystem. The announcement of a signed NDA between Charlie Lee and TPAY CEO, Derek Capo was later confirmed on the TokenPay Twitter page.

Earlier in the day, Mr. Lee responded to XVG’s partnership with Pornhub, urging the adult content site to consider adding other coins while cheekily suggesting it should be Bitcoin, Litecoin LTC or Monero. “Turns out Verge’s super expensive partnership was PornHub. We think it has gained enough steam for us to penetrate the market. Penetrate.” He wrote on Twitter. “Pornhub, enough with the foreplay. Time to accept the real cryptocurrencies like BTC, LTC, and XMR.”

When asked of his honest thoughts on the partnership, Charlie said, “I think having more places to spend crypto is good. But I do hope they accept more than just Verge. It’s quite hard for people to get XVG just to spend on PornHub. It’s a step forward [to the whole cryptocurrency market], but having to buy a partner is not a good precedent. Merchants shouldn’t need to be bribed.”

Charlie’s ‘honest opinion’ was taken in bad faith by most of Verge supporters who felt the answer was both a shill and disrespectful to the Verge partnership strategies to Pornhub. One specific distraught XVG fan was TokenPay’s CEO, Derek who responded sighting LTC’s controversial addition to Coinbase.

“I am sure you pseudo bribed to have Coinbase have Litecoin [listed on the exchange]……former employee, favors, etc. Same thing.” Derek responded.
The heated responses soon turned into a meaningful and development minded approach with both CEOs putting away their differences to focus on the bigger steak on the plate. Derek offered Litecoin LTC a chance to join the TPAY ecosystem while quoting TokenPay’s acquiring of German Bank.

“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” Derek, CEO, TokenPay.

TokenPay is a decentralized network offering peer to peer mobile transactions through their blockchain. The overall network’s aim in essence is to provide a decentralized payment system that can be carried out on a public or private system on the TOR browser. The partnership with Verge showed increased the uptake in staking coins on the system with tens of thousands of wallets currently staking TPAY. Staking allows constant liquidity across the system which in turn allows instant transactions (less than 2 seconds).

The cryptocurrency announced its plan to initially acquire 9.9% of the German bank with a further option to buy 75% of the bank. Derek however, stated the plan of TPAY to acquire a total of 90% of the bank and will start offering credit and debit cards to Verge and Enjin holders. Charlie Lee seemed optimistic about getting on board as litecoin LTC looks to launch the LiteCard which will function the same as debit/credit cards.


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Author: DEPY Crypto
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A perfect time to buy and HODL Litecoin (LTC)!

There is no better time to buy or HODL Litecoin (LTC) than now!
The whole market (or a great portion of it) is in the green after the top 3 coins gained massively this past week. Bitcoin’s hour of miracles, saw its price move up by over 20% on Thursday. Ripple finally broke the $0.5 mark resistance and Ether is back to above $500 mark, finishing off the week for any cryptocurrency investor on a high. Litecoin on its part boosted back above $130 mark briefly on Thursday but has since dropped to $125 as at time of writing. This presents an opportunity to buy as the coin looks to double in the coming months.

Litepay is coming of age
LTC is one of the founding coins in the cryptocurrency field. In fact, Litecoin is known as the first Bitcoin fork that dealt with Bitcoin’s slow transaction times and expensive transaction fees. LTC has grown in the past few years, breaking the $100, $200 and $300 barriers, all in 2017. This came as the whole cryptocurrency market had a massive bull run during the final two quarters of the year.

With the launch of Litepay, Litecoin presents one of the most promising coins in the cryptocurrency-payments arena to date. The mobile based app is yet to reach the take off stage but with the more and more merchants take it up, the value of LTC will, with no doubt, increase substantially. The coin is currently selling at a discount with experts expecting LTC to reach $1000 by 2020.

Psychological effect of regaining 5th position
Although this week has been rather so-so for LTC on the charts, the recent resurgence will only serve as a boost for the reputation of the coin. The week started on a low as Litecoin (LTC) dropped to 6th on the Coinmarketcap ranking while EOS claimed the 5th spot. This happened as the latter had an 80% increase in two days marauding its way up from ninth up to fifth. Litecoin has however regained its 5th position on the grid as its market capitalization increased by over $600 million USD during the week.

A leaked announcement?
The recent announcement that Aliant Payment System is preparing for a massive partnership with Litecoin caused a positive move for LTC’s price. This partnership has even gained more traction from sections of the public and crypto media after APS teased their followers on Twitter on Saturday morning. The tweet showing Aliant Payment System CEO, Eric Brown, ready to sign a contract has caused most of the LTC investors and enthusiasts to come to the conclusion that the deal may just be the Litecoin Partnership.

The news may well be a false alarm. However, with the company confirming that the partnership deal will be completed by the end of Q2, then it may well be it. Aliant currently is a company worth $15.5 billion USD and transacts annual volumes of above $560 billion around the world. The deal with Litecoin will serve to allow the platform users to be able to accept LTC as a mode of payment. Litecoin will be one of the cheapest form of payment on the platform with fees of less than 1% for every transaction.

Rumors and speculation seem to point towards a large e-commerce system, such as Alibaba or Amazon taking up LTC as a form of payment. They are speculations but may well be one the drivers of Litecoin (LTC) towards the $1000-mark.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: DEPY Crypto
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