Blockchain payment company Nimiq acquires 9.9% stake in German WEG Bank

According to Cointelegraph, blockchain payment company Nimiq today announced the acquisition of a 9.9% stake in German WEG Bank. The equity acquisition is part of a new strategic partnership between Nimiq and WEG Bank AG and Agora.Trade. According to the official statement, the three companies are working to establish a bridge between cryptocurrencies and fiat currencies, enabling a seamless exchange of value between cryptocurrencies and traditional banking systems.