My Featured Posts
German FinTech Turf -Michael Gastauer and Black Banx
Until recently, Germany had a good reputation in the financial sector. Admittedly, German banks have had problems for many years and can hardly keep up with US banks. In general, the German banking industry has significant structural problems. All the more reason to be proud of Wirecard. The DAX-listed German fintech managed by the two Austrians Markus Braun and Jan Marsalek seemed to be the superstar in the booming market of next-generation payment processors. Until it collapsed. But there are several dubious German fintechs and payment processors that are active in the worldwide cybercrime scene. Michael Gastauer and his group of companies should be mentioned here.
Wirecard – A DAX-listed Russian Laundromat protected by German Authorities?
Suddenly everyone is wondering. Suddenly, information about Wirecard’s strange business practices appears everywhere. The involvement of the DAX-listed Wirecard as a payment processor in high-risk businesses such as porn, gambling, or online trading but also the support of illegal and fraudulent transactions such as binary options or marijuana trading are suddenly accepted reality.