The acquisition is a part of a strategic partnership with Swiss blockchain development company TokenPay. TokenPay purchased 9.9% stake in WEG in May this year, and has now transferred it to Litecoin in exchange for a “broad and comprehensive marketing and technology service agreement” to support its cryptocurrency and exchange services. After a failed attempt to open the bank account, Litecoin Foundation “bought a bank”, board member Xinxi Wang tweeted today.