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TokenPay Ventures Into the Lingerie Business with Naked Brand Group

TokenPay is excited to announce its new sexy startup as they venture into the lingerie industry. The startup revealed to the the U.S. Securities and Exchange Commission earlier this week that it spent $1.3 million to secure 6 percent of equity share in the Naked Brand Group–a lingerie company based in Australia known for their Heidi Klum line.

TokenPay CEO, Derek Capo (right)

Derek Capo of TokenPay said in an interview that this is part of the company’s diversification strategy after a December 2017 sale that earned 2,000 Bitcoins or roughly $20 million. Capo also mentioned that spending the token sale proceeds on investments act as a hedge on the variable crypto market

Purchase Lingerie with Crypto

It is said that it may take years for shoppers to use TPay tokens to purchase Heidi Klum’s signature line. The Naked Brand Group promised to update TokenPay users regarding this as soon as they can. Meanwhile, private purchases of lingerie using TPay is possible because of the Tor networ since their system hides the IP addresses of consumers so they can shop without revealing their personal information.

Capo further narrated how TokenPay has continued to successfully manage its sales earnings including the $4 million equity in Germany’s WEG Bank AG in 2018. It was reported that 9.9 percent of the equity stake in the bank was given to the Litecoin Foundation, while TokenPay secured the same amount. Moreover, TokenPay has spent more than the fiat value of its token sale over the last 15 months.  To date, it continues to retain about 10 percent of Bitcoin placed in a long-term treasury.

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