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End of prestigious Lithuanian startup that created a unique product
๐Ÿ‡ฑ๐Ÿ‡น Lithuania /Technology

End of prestigious Lithuanian startup that created a unique product

From Delfi · () Lithuanian

Translated from Lithuanian, summarized and contextualized by DistantNews.

At a glance

News From a news agency Outcome reported
  • UAB "Super How" (also known as "Super How?"), a Lithuanian startup that developed the world's first digital collectible coin, is being liquidated.
  • The company, which collaborated with the Bank of Lithuania, now owes the state tens of thousands of euros.
  • The startup was described as more than just fintech or cryptocurrency enthusiasts, but rather as an "innovation laboratory."

A prestigious Lithuanian startup, UAB "Super How" (also known as "Super How?"), which pioneered the world's first digital collectible coin, is facing liquidation. The company, recognized for its innovative work, now finds itself owing the Lithuanian state tens of thousands of euros.

"Super How?" collaborated with the Bank of Lithuania to create the LBCOIN, described as the world's first digital collectible coin. The startup was characterized as more than just a typical fintech or cryptocurrency firm; it was referred to as a unique "innovation laboratory."

The liquidation marks a significant end for a company that had gained recognition both domestically and internationally for its groundbreaking product. The financial implications of the liquidation include substantial debt owed to the state, raising questions about the venture's financial management and ultimate downfall.

DistantNews Editorial

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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