Today I received an e-mail message from Payoneer.
And then I tried to search for some news about this I found 2 articles on sott about this issue.
I was concerned about this because I am working on Upwork as a freelancer and all transactions were through Payoneer card.
This is not an incident as I see it. They were missing 2 billion and now they discovered?
I suspect that something bigger is in the background.
Maybe it is a part of the economic reset/ crash. Or it is a battle between powerful elite interest groups that are trying to grab as much as possible in this madness that is happening now and will probably intensify even more.
We will see.
As you may have seen on the news, Wirecard AG filed for insolvency on Thursday. Your Payoneer Prepaid Mastercard® Card is issued by its subsidiary, Wirecard Card Solutions Limited (WCSL) in the UK. Today, the Financial Conduct Authority (FCA) which regulates WCSL, issued requirements on WCSL, freezing all prepaid card activity for the time being. We believe that cardholder funds are properly safeguarded and that the freeze will be temporary.
What does this mean?
The FCA has communicated that they have taken these measures with the primary objective of protecting the interests and money of Wirecard customers. Pending further actions from the FCA, you will temporarily be unable to withdraw the funds on your card, nor receive new payments onto your card.
Any funds that are in excess of the maximum balance of your card are held by Payoneer and are therefore not impacted by the FCA’s temporary freeze.
And then I tried to search for some news about this I found 2 articles on sott about this issue.
Billions of euros confirmed missing from Germany's Wirecard
Wirecard said on Monday that 1.9 billion euros ($2.1 billion) it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments company and tarnish the reputation of Germany's financial watchdog. The one-time...
www.sott.net
German payments firm Wirecard files for insolvency after revealing $2 billion accounting black hole
Wirecard will file for an application to open insolvency proceedings with the district court of Munich, the company said Thursday. The company said in a short statement that management had decided to seek court protection "due to impending...
www.sott.net
I was concerned about this because I am working on Upwork as a freelancer and all transactions were through Payoneer card.
This is not an incident as I see it. They were missing 2 billion and now they discovered?
I suspect that something bigger is in the background.
Maybe it is a part of the economic reset/ crash. Or it is a battle between powerful elite interest groups that are trying to grab as much as possible in this madness that is happening now and will probably intensify even more.
We will see.