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Financial Transaction Tech Takes a Hit in Germany Thanks to Wirecard AG

Not that we'll be struggling with the tech, but let's just say Germany doing their due diligence.

From a certain point of view, this shouldn't be a surprise: as fintech continues to revolutionize and even scare the masses, we face a lot of companies -- and even countries -- taking appropriate action and issuing bans when necessary. Such is the case with one of the world's top independent providers of outsourcing and white label provisions for electronic payments:

Germany Has Banned Wirecard 'Short' Sales of Shares

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One would say it's unprecedented, banishing the practice of borrowing shares, selling them, and then buying them back at a lower price. The reason for Germany's stand on it is because of the firm's stock volatility. With the growing turbulence, you either gain or lose a lot. It's like everyone's perspective on the blockchain and cryptocurrency. Almost too much is happening too quickly, and some of that is too risky. Given Wirecard AG is actually listed in the Frankfurt Securities Exchange, it would make sense that we want some regulation in place before people discover all sorts of loopholes.

This largely arose in Munich when prosecutors investigated a Financial Times journalist confirming potential violation of securities trading rules, hence tightening up the laws. The thought of what this could do to investing as a whole -- particularly for blockchain and cryptocurrency -- could dramatically shift the environment as we see it. Although that may not be much of an issue.

Fraud Does Always Present a Problem in the Industry -- Particularly When Technology Presents a Part of the Problem

Of course, don't take that to mean that technology is the problem; it's not. However, criminals love taking advantage of new structural systems, especially when those systems still have some kinks to work out.

Still, the good news is Wirecard continues to blow up the industry (but in a good way) as it continues to gain in shares despite receiving countless negative reports between 2008 and 2016. Since its inception, the power of fintech has always grabbed hold of the innovative company with a ton of press taming and tainting the news with stories either meant to scare or mesmerize.

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There Is Just One Question to Ask and One We Should Worry About Answering:

That's tough to answer. Many traders aren't convinced that the ban will do anything at all. Historical data suggests that for countless other securities. This is just one out of a number of trends happening in Germany as we speak. LET US KNOW OF OTHER HAPPENINGS IN THE WORLD WITH TECHNOLOGY AND SIGN UP FOR A FREE VIGYAA ACCOUNT!



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The smartphone market is evolving at a rapid pace, and there is and will always be something held in the wings. Do you think that you have your hands on the latest smartphone model now? Then in a week or who knows in a day, your opinion will change. Because of the heavy competition in the market, smartphone companies are bringing in more and more models at affordable prices. Now you are going to see some of the new smartphones that you have to lookout for before this year ends.

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Xiaomi Redmi Note 9

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Samsung Galaxy S11

You may get to see this mobile until early 2020. This mobile is likely to come with 5G, and the punch hole camera in this device is much smaller, just like the one present in Samsung Note 10. Samsung Galaxy series has attracted a lot of people and is one of the best selling devices in that price range. This mobile is going to be the first 5G handset from Samsung, and the one thing that we have to wait about is whether it will work on all bands or not.

Motorola Moto Razr

Yes, Moto Razr is back into the game, and now it is coming with some interesting features like folding phone. Motorola is planning to launch its folding phone into the market this December (if rumors are to be believed). This mobile has a dual display, and according to the leaked images surfaced online, this mobile is going to bring in a new trend into the smartphone market. It is stylish and smart.

So, these are just sme of the mobiles from renowned brands that will be released by the end of this year or in the first half of next year. Every brand is trying to stand out from the competition and is offering some of the best features for its users. These are the new smartphones coming soon, and if you are looking to buy them, we have given you a list of phones with varied price ranges, so pick the one that matches your budget. 

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