Published on July 13th, 2018 | by bitcoin0
Litecoin’s Creator had Buying into a bank
Back in April, Charlie Lee, the creator of litecoin, was exchanging barbs on Twitter with Derek Capo, the CEO of payment processor TokenPay.
Capo elaborated: “Some banks, they close down bank accounts if they get a whiff of anything to do with crypto.
We saw a lot of competitors with similar offerings get cut off because they didn’t own the bank and they didn’t have control.”
But Capo was working on a solution for TokenPay by trying to buy a bank.
But owning a bank, by itself, won’t necessarily solve crypto’s banking problem, according to compliance experts who’ve worked in both fields.