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Tag: Inatec Solutions

July 26, 2023

Ulysses House Connection: DPO Pay Received License In Tanzania!

The online magazine PayRate42 News reported that DPO Pay, a Dublin-based payments processor founded in 2006 by Eran Feinstein and Offer Gat, has received approval from the Bank of Tanzania to operate as a Payment Service Provider. In 2021, DPO Pay was acquired by Network International (NI), a Dubai-based payments provider, for $291.3 million. DPO Pay had interesting connections to Wirecard and the binary options scheme GreyMountain Management Ltd (GMM).

High-risk payment processors

November 1, 2022

The Untold Story From Wirecard And Powercash21 To Payabl

The Powercash21 scheme is already over 20 years old and was created parallel to the collapsed Wirecard. At that time, the buzzword fintech was not even known. The domain www.powercash21.com was registered in 2000 by Ruediger Trautmann even before he became COO of Wirecard in 2005. From 2001, the website was operated by the German Inatec Group. Among others, the former Wirecard manager Dietmar Kuhl acted as managing director at Inatec. In or around 2011, the Cyprus-registered Powercash21 Limited then took over the website's operation.

October 7, 2022

Impressive! Payment Processor Payabl Numbers Exploded Powered By Adult Business And Gambling!

The Similarweb September statistics came out and show that the number of visitors to the website of Cypriot-German payment processor Payabl (formerly PowerCash21) increased tenfold in Q3 2022 - from just under 15,000 to almost 140,000. Similarweb says that more than 55% of website traffic has been sourced from porn sites and just under 35% from gambling, betting, and lottery sites. Payabl is thus likely to have replaced the collapsed Wirecard in Germany as the high-risk payment processor, Similarweb suggests!

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.