Wirecard resumes e money and payment services. MCO price starts climbing back

in hive-126009 •  5 months ago  (edited)

FCA has finally given a written consent to Wirecard for resuming its regulated activities of issuing e money and providing payment services, today onwards.

Now card providers like MCO Visa debit card and TenX card will be able to reactivate their services on their cards.

Four days back FCA had imposed a ban on Wirecard to carry out its regulated activities a day after it announced to file for insilvency.

I had posted here that how it resulted in a panic selling of MCO after FCA requested Crypto.com to suspend all activity on their card. .

Fortunately, for all MCO coin and MCO Visa Card holders, after FCA's written consent to Wirecard, Crypto.com has resumed the operation of all Europe/ UK MCO Visa Cards from today itself.

TenX card ias also re-enabled now.

Screenshot_20200630224222.jpg

And MCO prices also reacted positively on this news.

So did you buy this dip?

For me, I was not expecting this news so soon! But hey, there is still some chance as MCO prices are hovering around $4.40 only, at this moment.

How would you react to this news? Is that just a temporary development?

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You can actually simply buy Wirecard shares directly and then speculate on a profit.
I bought a few and they have already gone up :)
The German banks and government will not let Wirecard die so easily, because in Germany a few things are done through Wirecard.

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But this is very risky!

No doubt it's very risky. But good that it's working for you!
I was also thinking to be a good buy when it fell drastically but I don't deal in stocks. So not my cuppa :)

The dip caught me between paychecks, so I could not take advantage. But, I had recently upgraded cards with the dip in March. I may buy more MCO on Thursday.

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