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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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