Litecoin Prices Climb After Litecoin Foundation announces a partnership

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Litcoin prices have been reorganized in recent times Shutterstock

Litecoin prices have risen & nbsp; in recent days, pushing higher after the Litecoin Foundation announced a strategic partnership with payment platform TokenPay .

Foundation received a 9.9% stake in Germany WEG Bank AG of TokenPay in exchange for helping the latter to achieve its digital currency goals.

Following this announcement , which was made close to 17.00 Eastern Time on 10 July, Litecoin's prices enjoyed gains

or "altcoin," which is very similar to Bitcoin, rose to $ 80.80 today on CoinMarketCap which represented an increase of 6.9% in the last 24 hours and a gain of 5.4% from the start of the day.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] & # 39; A Bold Move & # 39;

Some analysts talked about the strategic partnership, underlining its implications for both the Litecoin Foundation and the wider digital currency space.

"This is a bold move by the Litecoin Foundation and innovative for the crypto-industry," he said & nbsp; Mati Greenspan, senior market analyst for the social trading platform & nbsp; eToro . & nbsp;

"The best way to improve financial services is to integrate with them and Germany is the perfect place to start."

Charles Hayter, co-founder and administrator delegate of the platform for digital currency CryptoCompare also took into consideration the issue, describing the partnership as a change " rather bold" in the usual way of doing business of the Litecoin Foundation. & Nbsp;

Disclosure: I own some Bitcoins, Bi tcoin Cash and Ether.

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Litcoin prices have been reorganized recently Shutterstock

Litecoin's prices have increased in recent days, pushing higher after the Litecoin Foundation announced a strategic partnership with TokenPay, payments

The foundation received a 9.9% interest in Germany from Wen Bank AG of TokenPay in exchange for assistance, the latter meet its digital currency objectives.

Following this announcement, which was made close to 17:00 Eastern Time on 10 July, Litecoin's prices have enjoyed gains.

The alternative protocol asset or "altcoin", which is very similar to Bitcoin, has risen to 80, $ 80 today on CoinMarketCap, which represents an increase of 6.9% over the last 24 hours and a gain of 5.4% from the start of the day.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

& # 39; A Bold Move & # 39;

Some analysts have spoken about the strategic partnership, underlining its implications both for the Litecoin Foundation and for the widest digital currency space

"This is a bold move by the Litecoin Foundation and revolutionary for the crypto-industry, "said Mati Greenspan, senior market analyst for the social trading platform eToro .

"The best way to improve financial services is to integrate with them and Germany is the perfect place to start."

Charles Hayter, co-founder and CEO of the digital currency data platform CryptoCompare, also took into consideration the issue, describing the partnership as a " rather bold change" in the usual way of doing business of the Litecoin Foundation.

Disclosure: I own some Bitcoins, Bitcoins Cash and Ether.

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