The cryptocurrency market is currently trading just over $250 billion and is continuing its drop from yesterday. Late Saturday the market surged nearly $15 billion in just an hour, reaching almost $280 billion but has since lost all of its momentum. Let’s check in with Litecoin (LTC) and Stellar (XLM).
Litecoin (LTC)
Two hours ago, Litecoin’s founder, Charlie Lee, tweeted about the latest partnership his company has just finalized.
I’m excited to announce that @LTCFoundation[1] and @TokenPay[2] have entered into a strategic partnership to buy a stake in a German bank, WEG Bank AG. We plan to work on many exciting consumer-driven crypto solutions. Stay tuned! 🚀
For more info: https://t.co/K58SpQKvEl pic.twitter.com/6agmsa7wkb[3][4]
— Charlie Lee [LTC⚡] (@SatoshiLite) July 10, 2018[5]
Token pay acquired 9.9% of WEG Bank. The TokenPAy announcement reads[6]:
“With the prominent addition of Litecoin as a strategic marketing, blockchain technology, and logistics partner in WEG Bank and its long-standing partnership with Verge Currency, TokenPay conservatively anticipates adding several hundred thousand customers to its debit card solutions platform in the near term. Accordingly, the technical expertise provided by Litecoin will be a tremendous benefit to the establishment of comprehensive automation guidelines and standards employed by the bank as it explores new market opportunities.”
In addition to the partnership news, just ten days ago Litecoin Core v.0.16.0 was released. This new upgrade shows major progress of the Litecoin network.
Also, if you’re an investor in the Bay area, there will be a Litecoin summit in mid-September you can attend. Click the link to register!
Tickets for the Litecoin Summit conference in San Francisco on September 14 & 15th
