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SoftBank’s $1 Billion Investment in Wirecard Came With a Twist—No SoftBank Cash

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Shares of electronic payments company Wirecard jumped in April after news of an investment by SoftBank, but the commitment ended up coming from the personal accounts of a group of SoftBank employees and an outside investor.

German electronic-payments company Wirecard AG was in a sticky spot back in April. Its share price was under pressure after allegations about its accounting practices in Asia—strongly denied by Wirecard—prompted a police investigation in Singapore.

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They are running out of cash. Time has come to be end.

Much better if with Cryptocurrencies.

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