Litecoin [LTC] Founder Charlie Lee Clarifies The Token Pay And Litecoin Foundation Partnership
Ever since Litecoin Foundation announced its partnership with TokenPay, it has become the most controversial topic in the cryptoverse. The partnership even drew the attention of a crypto-influencer and Bitcoin advocate, Tony Vays. In his series of Tweets, Tony has criticised both TokenPay and the creator of Litecoin [LTC], Charlie Lee. As a retaliation for all the backlash, on 17th July, Charlie Lee the creator of Litecoin [LTC] and the Managing Director of Litecoin Foundation posted a clarification on Reddit regarding the partnership.Charlie Lee started off by explaining the difference between Litecoin [LTC] and Litecoin Foundation. He said that Litecoin [LTC] is a decentralized network and currency, whereas Litecoin Foundation is a centralized non-profit organization whose ‘main mission is to advance Litecoin development, adoption, and usage’. He also mentioned that Litecoin does not need him currently and he is working hard with the Litecoin Foundation to make Litecoin a success.