Topic: WEG Bank is SCAM (Read 1000 times)

Again, NOT evidence. Just your meaningless opinion. What is it about the word EVIDENCE that you don't understand? You really are incapable of getting it. I'm starting to think you're just retarded. If not, what are you really doing here? You're free to say just about whatever you want to, but you do not have the right to be taken seriously, especially when you can't understand simple concepts like evidence.

To all those believeings it is a scam.
To own a banking licence in Germany you need to have the necesary registers.
The agreement was published and the German banking authority would have stepped in if it would be a scam or even a lie.

Here are 2 articles:
https://www.cointrust.com/news/tokenpay-litecoin-foundations-strategic-partner-acquires-german-bank
https://www.financemagnates.com/cryptocurrency/news/its-official-litecoin-and-tokenpay-partner-to-acquire-stakes-in-german-bank/

Funny to see such a repetition of the same by OP....

Go take a look, https://www.ten31.com

Though not launched yet, here is where the 3 crypto partners and a "paper" bank join forces.



just to let you know, I hold neither of those coins, nor am interested in them, nor am I paid to post here. I however do read these cases for my own pleasure and respond when I believe a case is build without proof.

Dear Matthias von Scammer

Where is your partnership with TokenPay?

Over 2 years have passed since the GREAT partnership between TokenPay and Litecoin and NO PRODUCTS were ever built.

You just scammed Derek Capo as NO PRODUCTS AND NO SERVICES WERE EVER DEVELOPED, TESTED OR LAUNCHED WITH TOKENPAY.

You promised on Twitter that by the end of 2019 a product/service will be tested and delivered. No such things were ever done. Just promises, marketing and promotion for stupid shillers from tokenpay and nimiq to shill their stupid coins.

Why you decided to change the bank name into "Agora Bank"? Suddenly you stopped changing the name after we started to expose your fraudulent bank? Is it because the Agora Trade guys stopped launching their own ICO ? I believe yes. I believe you Matthias von Hauff you are a CON ARTIST conning these people.

I know you, Matthias. Your product is to convince ICO founders to buy shares from your stupid paper bank promising them a great partnership. You sell to these ICO founders snake oil with your paper bank. This is why you gave shares for free to Litecoin Foundation. Con Artist.

Another evidence, this time involuntary written by Norman, aka the sockpuppet account of Wissfeld Marvin.

Nimiq paid 2 million euro for 9.9% of WEG Bank. It means, that nimiq is either money laundering the ICO money through the WEG Bank paper company or they got scammed by the WEG Bank CEO. The most possible outcome is that they are laundering the ICO money.

These are the evidences dig out by somebody showing WEG Bank is a total scam. Why would a bank have 0 income ( meaning 0 customers and 0 services ), but still they are screaming that they will disrupt the blockchain and fintech. The bank is a total scam. Bitcointalk is a free forum allowing anybody to discuss any possible scam relating reports

I don't understand what is your in-game profit protecting these scammers. Either you have your own agenda or you are paid to protect them. Thus so far, you failed to prove that they are legit. People exposed the WEG bank as well as TokenPay on the http://tokenpayexposed.com/ proving that WEG Bank is suspicious and looks like a total scam. Why would a bank in the retail business with the focus on modernization and constructions would suddenly switch to crypto ? The answer to the mystery is simple. The CEO saw that there is a lot of money to be made from the crypto world and he switched his 2nd bank (WEG Bank is not the first bank) to the crypto world. He didn't run a scam ICO, but eventually, scam these projects making these ico projects waste their money into fake promises.

To prove that you are not a scam, simply, show the proofs you are not a scam. Months have passed, actually, over one year has passed since the partnership between WEG Bank AG and TokenPay and yet, they failed to show anything. As, I understood, WEG Bank received millions and millions of dollars, for nothing in return. It looks more and more, that WEG bank is being used by Lisk, Nimiq, and TokenPay to launder ICO money. All three projects had an ICO before receiving millions of dollars from backers.

Nimiq wasted 2 million euro  (ICO money) to buy 10% of a useless company with 0 employees, 0 products and 0 services.

https://i.imgur.com/T2pyrY5.png

Look for the proof. All this money is from ico. WEG bank is a paper company that exists only on a paper. Most probably to this decision was taken to launder the ico money from nimiq. Like in the moves, banks are used to launder money. Remember the movie The Wolf of Wall Street or Scarface...

That is not a fucking launch. I can say anything. Product Launch: I can sell 1 million bitcoins at a low price. DM me.

Matthias von Hauff posted the following on Twitter:


Guess the (near) future will tell if they are a scam or not.

According to their statement, they simply gave 9.9% now 7.5% (after dilution) for free to the Litecoin Foundation. In exchange, this paper bank made marketing online to scam other crypto entuahists (tokenpay and nimiq), maybe also dozens of investors who invested exclusively into tokenpay and nimiq because of this scam.

My only question to this "crypto guru", Matthias is: "does your bank have more than 2 employees in your bank? If you, so just post some photos of the bank office and its employees. ". Thx

You don't seem to understand: in Germany, you cannot just give away shares for free. You'd get in serious trouble with the financial authorities, especially since the company seems to have assets: https://www.northdata.de/WEG+Bank+AG,+Ottobrunn/Amtsgericht+M%C3%BCnchen+HRB+215846

There has to be something appropriate in return.

Dude. They should show us that we are wrong. They should do updates showing that they have:

1. PRODUCTS
2. SERVICES
3. CUSTOMERS
4. PLATFORM FOR INTERNET BANKING SERVICES
5. REAL PARTNERSHIPS
6. CRYPTO RELATED PRODUCTS/SERVICES
7. SHOW US ANYTHING

they failed to show us anything. They only post tweets and pay to get media exposure. This is exactly how a scam looks like. WEG BANK is the model

Simple! The company is worthless in reality so they gave worthless shares to a foundation in order to do buzz collecting money from other stupid investors. In this case, tokenpay ( did an ICO and raised 50 million dollars) and nimiq (did also an ICO and raised 12 million dollars).

What I don't understand is... how did they give free shares to the Litecoin Foundation? As far as I'm aware, you can't just give away shares of your company for free. The Finanzamt would not be amused.

NEW PROOF that WEG Bank is a fucking scam!!!

Somebody, accidentally discovered TokenPay scam practice exposing the scam behind 90% premined ICO scam called TokenPay. If you didn't know, TokenPay owns shares of the WEG Bank.

http://www.tokenpayexposed.com/XXX.htm

Read careful and discover how TokenPay scammed ICO investors for 30 million USD +

Could you tell us how you can deduce this from his account, since he has only one post?
You sound weird, mate.

i replied to your topic about token pay scam. i provided proofs that tokenpay premined 80% of coin. genesis transaction cointa 18.5 million coins premined sent to one address. check the topic. thanks

You're not "proving" anything. You're just writing a bunch of opinions and then calling them "facts." You need to reference your claims with sources, otherwise they are just angry opinions.

Even the guy who commented below your OP posted a source. You can't seem to wrap your head around how to do that.

A discussion topic proving that WEG Bank famous partnership with TokenPay is a scam. https://bitcointalksearch.org/topic/tokenpay-is-a-scam-5131406

OK then prove it. Don't just retype what you wrote in BIG RED FONT. Produce actual evidence. Post links, screenshots, anything besides things you can just make up off the top of your head. That's what this section is for, not rampant FUD on hyperblast. Anybody can say anything about anybody. Doesn't make it true without evidence. What you're doing isn't exposing a scam, you're just smearing a business.

I have posted the pieces of evidence and facts I found on page 1 on this Bitcointalk thread discussing the WEG Bank. The only answers I have received are just "paper facts" that don't make any sense, etc. The only thing I can prove all the followings:

1. NO CUSTOMERS
2. NO PRODUCTS
3. NO BANKING SERVICE
4. NO INTERNET BANKING SERVICE
5. NO CRYPTO RELATED PRODUCTS OR SERVICES
6. NO SOFTWARE DEVELOPED
7. NO PARTNERSHIPS WITH OTHER REAL BANKS
8. TOKENPAY PARTNERSHIP DIDN'T PRODUCE ANY PRODUCT OR SERVICE
9. LITECOIN PARTNERSHIP DIDN'T PRODUCE ANY PRODUCT OR SERVICE
10. LITECOIN FOUNDATION RECEIVED 9.9% (now 7.5% of shares) FOR FREE, WHILE TOKENPAY HAD TO PAY, AND NIMIQ HAD TO PAY MONEY. HOW COULD A BANK GIVE SHARES FOR FREE TO A FOUNDATION THAT DIDN'T PRODUCE ANY PRODUCE OR SERVICE WITH THE BANK ITSELF.
11. NO REAL SERVICE OR PRODUCT PRODUCED, PROTOTYPED OR TESTED WITH AGORA TRADE.
12. WEG BANK WILL CHANGE ITS NAME IN MAY TO AGORA BANK

Everything is a fucking big lie. They are only interested to scam people launching a new ICO (FACT: AGORA ICO and NAME CHANGE TO AGORA BANK)

  Your account tells me that you are lying and defending scammers. Let's publish our real names and personalities on Twitter and hold a public discussion. We will both present our arguments to the public. Please email me as soon as possible.

The bank is a fucking scam. They don't offer any kind of service online for its customer. No internet banking, no ATMs and no products. I can't even register as a customer. It is a paper company that exists only in papers. They don't have any kind of customer service, dashboard or anything. No customer support because it doesn't have any customer. The CEO dude just found an easy money market namely crypto. He created his twitter account 2 months ago, he started twitting about crypto, exchanges, banks etc. He became a crypto guru instantly. Fake it till you make it. Perfect example. He succeeded. He scammed TokenPay for some money, and now they scammed nimiq for at least 1 million dollars without giving anything in return (only shares). I know him, and I do know that he is interested into running the ICO with Agora Bank. This is the reason why he is willing to rename his bank to Agora Bank to start this partnership and launch, of course, a new ICO.

While 8.) is total nonsense (I'm a web developer and we ONLY build CMS websites for our customers, anything else would not be usable for them)... thanks for your research. I found them to be suspicious right when Litecoin announced their partnership with them. They didn't even have an SSL certificate. A fucking bank. WTF

Chill dude, chill. Nimiq scammed us once, but now we are smart as we unmasked their shady operations including price manipulation, drug usage, and money laundering

weg bank scam scam. they want to create their own ico. gud luck with that agora bank. some people might got scammed by nimiq once but they won't get scammed by the same group again. eq i got scammed mining this shitcoin with cpu in browser then in sushi pool

I do feel the same that these germans are running a ponzi ICO game. In total, the guys from team nimiq and agora trade run at least 4 ICOs that I know of. After they release their stuff, they have abandoned the project and move on building another demo launching another ICO. No profitable products and no working services they managed to launch. Just some barely working prototypes that nobody is using them.

Good finding nimiqshitcoin. Anybody sees that they want to hide all these dark facts and secrets. They are shady as f**k. They don't have a product or a customer who is using any of their services. Their only customers are their investors. It looks like a ponzi scheme. Raising funds from ICOs in order to hold other ICOs.

^^ you forgot to make your font bigger in addition to red bolding it, now your words are ineffective.  

Just kidding, they've always been ineffective.

Seriously, what is up with your utter hatred of Nimiq? The coin is back up to October levels and its market cap is far higher than its ever been. Don't claim to be an investor; if you were, you'd be happy with the rebound and you wouldn't seek to shit on your investment at every turn.

Really what you are doing is childish and is obviously serving no purpose. this coin continues to climb in price despite your best attempts to destroy its reputation. Maybe you should find a better hobby.

Dear "Matthias von Hauff",

It is clear that you don't want to answer to any of the questions me and other people on bitcointalk's nimiq topic asked. You just try to hide your dirty laundries by paying me for "a night in a luxurious hotel" and "2 ways ticket to Munich".  Instead of showing us proofs and giving proveable facts, you are just trying to bribe me to stop questioning your bank and your actions with agora trade. Probably all this round trip would be paid from the 1 million dollar acquisition from nimiq team. It is clear to everybody that you are interested in the crypto only for profit as your decision to go with crypto started only 1 year ago. Your personal twitter was created just a few months ago, started to bitching being a mindblowing blockchain guru. You are the best example: of "fake it hard until you might make it". You are a fake person with a fake company with fake partnerships. Everything is fake about you. In your case, I can guarantee you that you will never make it. You are shady in your operations, your bank is a fucking PAPER company with no real customers and no value. I don't understand how you managed to convince these stupid developers from nimiq to handle you over 1 million for nothing. Show me or shut your mouth. Smart people know everything about TokenPay, about paper company WEG Bank AG and your deal with Agora.trade. We are smart and we know that Agora.trade is planning an ICO with their "demo" project, exactly the same story as nimiq. But, I can guarantee you that nobody will invest in this scam, and you will not make much from it.

BTW: Do you actually have an employee in your company except you?
Do you have a customer that is using any of your services except nimiq & the scammers from tokenpay ?

Dear "nimiqshitcoin",

I take great encouragement from the fact that - despite of our differences - we definitely agree on your self assessment.

While I have offered you nothing but transparency, fairness and hospitality, you have chosen to respond by embarrassing yourself with another infantile outburst of blog diarrhea.

While my pity is all with you for having to put up with yourself 24/7, I chose to spend my own time more wisely.

However, my sincere invitation remains. You may chose to accept it as a man or decline it as a loser. The choice is yours to be made.

Sincerely

Matthias von Hauff

Dear "Matthias von Hauff",

Please allow to introduce myself. I am one of these stupid assholes who got scammed of over $100,000 by nimiq SCAM ICO. You are just trying to do an ICO yourself with nimiq and agora.trade. That is why you are changing it's name to Agora Bank.

You and your company, the so-called WEG Bank are total scams. I am not interested into getting "a plane ticket" from you ( cuz your company is not operational). I got scammed of over $100,000 investing into these scammers from Nimiq. After 2 years of holding the coins, Robin Linus comes and tells us: "dudes, shit happened, I got addicted to cannabis and I couldn't work since the launch of main net. More, my colleagues turned this project into a scam to milk out all the ICO money". Then, they paid Robin Linus to be silent, as we never saw a word from him since then. That is the CEO of nimiq who said that the team is just scamming us, the investors. They were proved to do multiple price manipulations, shady operations ( buying coins from market, Robin Linus accused them of running a trading bot to create 99% of fake volumes), etc. They have even admitted of running trading bots, after Robin Linus accused them publicly.

I am not interested in to your shitty airplane ticket to buy my silence, exactly like how team nimiq bought Robin Linus' silence. Just answers my questions with provable facts:

1. Did your so called "bank" made any progress with TokenPay. Almost a year passed since the initial talks with TokenPay CEO started, and almost half a year since the TokenPay signed a partnership with TokenPay. Did your company or You developed any service, any product and it push it to testing or real world?

2. How many branches you have in Germany or world wide? If you don't have any branch, why you call yourself a bank?

3. How many online services or products offer to its customers?  Crypto is online, is not done by phone calls like in Wolf of Wallstreet investing into real estates.

4. How many services or products are acquired by your customers? How do they acquire these services or products, if they are any?

5. Do you offer: "internet banking".

6. How can I registered and become a customer of your service? Is there any application.

7. Do you really have any customer who is buying any of your service or product. Don't tell me that that you have 3 stupid clients called: TokenPay scam coin, Litecoin Foundation and Nimiq shitcoin.

8. How many people are employed at your so called bank? Are there more than 5 people in your so called bank?

9. Do you have any real partners with any other REAL bank world-wide. Can you prove a such partnership?

10. What is the evaluation of your company. If nimiq acquired 9.9% of your bank for 1 million dollar, it means your ENTIRE scam bank is worth less than 10 million dollar. But, we do know that the evaluation was less.

11. The website is a fucking CMS theme. Do you have any option for your customer to use your platform. Does your website offer any service?

12. All your Google Maps reviews are totally fake made by the TokenPay bounty hunters who got scammed of over 1 million dollar.

btw: i guess i will have to create a new topic or change the topic's name to Agora Bank scam

Dear "nimiqshitcoin",

please allow me to introduce myself. My name is Matthias von Hauff, I am the CEO of WEG Bank AG which you accuse in the wildest terms of being a "scam", "shady" and other pleasentries.

Under normal circumstances, I would not even credit your outburst of negativity with an answer. However, you have brought such amusement to my day that I only feel it fitting to return the favour. I hereby cordially invite you to visit us in our head quarters in Ottobrunn, which is just to the south of Munich. We will fly you to Munich from wherever you might be, grant you a one night stay in a luxury hotel and give you the opportunity to ask any questions you may have in a one hour time slot with me personally. We can gladly go through the accounts of the bank or any other documentation you would like to see. You will be meeting the team, have lunch with us and then be flown back to where you want.

Of course, speaking of having lunch: There is no such thing as a free lunch as we all know. In return for our generous invitation, you will consent to us filming your entire visit and to uploade it on youtube. You will also need to provide adequate proof, that you are in fact "nimiqshitcoin".

I am very much looking forward to your reply.

Sincerely

Matthias von Hauff

lul youre just a rektard 
success of the project means more haters
XVG LTC and nimiq as partners kucoin partnership is on the talks while you waste your time posting fake articles / evidence  goodluck 

Lads and Gent, I just got another leak to prove the WEG Bank Scam and nimiq fake partnership. The "BIG" WEG Bank AG (which has no customers, no subsidiaries, no products, no services and no real partnerships with any other bank), decided to change its name to "Agorabank". What the fuck? They do this changing WEG Bank AG's name according to their most important partner, agora trade. The issue is that agoratrade has 0 customers, has 0 revenue, has 0 users on telegram, discord and reddit.

https://pbs.twimg.com/media/D2Q1doDUkAE9ezI.jpg:large

Why would a normal bank change its name to a partner with 0 users, 0 revenue and 0 customers? That partner announced only an ICO!
Why would a normal bank give for free 10% of its share to a non for profit ?

All these could have made by a bank only if the bank has 0 value or it is a scam with a special agenda.

So, be prepared. All these are made to facilitate agoratrade ways to launch a new ICO and raise millions of dollars from stupid ICO investors like us. I have personally invested over $100K into nimiq scam and my investment is -98.7%.


Prepare your pocket for a new ICO!!!

did you even go to the address of WEG bank to justify your accusation? when you said ghost bank, that means its not real, prove it with photos. when you google WEG bank its all legit. i think your one of the people who panic sold at low. yes buy high sell low haha in short got REKT

The bank simply doesn't exist. WEG Bank is just a ghost company with no employees, products, services or customers. The partnership with TokenPay (another  project that was proved by their community to be a scam) did it finalize with a service or product developed ?  7 Months have passed almost and nothing came out from the partnership.... nothing, just some buzz words and press releases deceiving newcomers to buy the dip.  This is exactly what nimiq also has done. They did a press release with Agora Trade hoping that stupid investors will buy their trash coin as well.

>Hurr durr I can't read German so it must be a scam

First of all, please stop writing in a bold red font. It doesn't validate your claims.
Also, why are all of your 176 posts Nimiq FUD, sold too early?
FRFC summed it up pretty good.
WEG is a bank on the smaller side (had 6-10m€ capital) mostly focused on doing construction financing, loans and accounts.
They clearly don't offer online banking and their site is just presenting their services and contact.
Yes, the site is based on a template. Did you expect them to serve a WebGL + CSS3 Chrome experiment?
As common with smaller banks business is done directly over mail or phone and clients are mostly from the area.
Lastly, do you seriously expect a bank to disclose their clients?

So nothing out of the ordinary so far.
If you're that sceptical, just call the bank and ask them yourselves. I'm sure they speak English.
All the new crypto collaborations are still very much in-progress and there's little information available yet.
It's way too early to start a witch-hunt.

To all the people just reading through this FUD thread,
please educate yourselves through unbiased sources.
German AGs are public limited companies which means their financial statistics are open to the public.

https://www.northdata.de/WEG+Bank+AG,+Ottobrunn/Amtsgericht+München+HRB+215846

A Google translate of their business page should also be enough.

There is no product or online banking service. I have looked on the website, and I couldn't see a login page to check the status for a bank or something like that. The Bank doesn't offer internet banking. The WEG BANK AG scam it is just a simple web page showing some information in the German language. That's all. All the revisions from Google Maps are fake made by TokenPay bounty hunters.

The WEG bank is a scam as it has only 1 branch and one bank in the entire country Germany or worldwide. A bank with one branch is a scam after all.
The WEG bank is a scam as it started a partnership with another PROVED SCAM TokenPay that stole over 1 million dollars from Bounty Hunters https://bitcointalksearch.org/topic/ann-tokenpay-scammed-1-million-from-bounty-and-referral-program-2400499
The WEG Bank is a scam because 6 months ago it announced a partnership with TokenPay and by this day, no service and no product was prototyped, tested, developed, released or deployed neither in testing or production.

THE WEG BANK AG is a fucking lie and a fucking scam.

then watch tokenpay and nimiq soar
DASH once also titled scam because one of their team dumped so many coins, LTC scam again becuase its ceo dumped. just because its not good to hear you will label it as scam? goodness. verge also scam? lol what else?

Wirex is one of the few companies that actually made it work. They never did an ICO or anything so that differs them from those dubious projects. While they try to provide a great service I still see plenty of people who have their own credit card blocked for trying to buy crypto through Wirex. I guess we'll never be able to truely break free from regulations etc. At least not until more merchants will accept crypto payments without the need to convert it to fiat.

Indeed, banks and cryptos seems not to be compatible.
However, and because their goal (by definition) is making more money, they can try integrating cryptos to their services (as it is trendy). It doesn't mean the bank is a scam, otherwise a lot of banks would be scams (those who are using Ripple). It's just a bank; again, if we're on this forum it's logical that we don't trust banks, but saying they are scams is a little bit too much IMHO.

Note: I know, I didn't do any research, but it seems like I'm not the only one.
Remind that: without research, a post (including mine) is just pure speculation.

I appreciate your news about Weg Bank, but what I understand so far is that the Bank is a form where there are many people available to be able to serve several real transactions, meetings between those who serve and need banking services.
Is this urgent and crypto needs it?
I feel it's not necessary because crypto really eliminates the need for these services. So it can be said that Weg Bank is a scam, very certain.

I second that, exactly this is the truth. I have seen many projects promised with Debit card or bank partnership but eventually all promise become false. They actually not yet meet with blockchain technology, their intention is just raise fund. In my opinion 98% project are not following their own roadmap. They never care about investors fund. So better option is stay away from this kind of dubious projects.   

None of your allegations have any proof (and you sure are not delivering any). You just shout out red texts without facts.

Fact is, WEG is one of many modern online-only banks which Germany now allows and registers as regular banks, meaning they can do everything that a traditional bank can do, too. These online banks still have to adhere to regulatory oversight, have a board, and do regular reports on their activity. Other reputable online-only banks in Germany include N26 and DKB, among others.

Fact is, WEG lists their products on their website. Right there on the homepage. Yes, it's a small local bank, but they do mostly financing, investments and consulting (as stated on their website), which is usually not general-population-facing, but rather targeted towards institutions. Thus no big fancy website, as most business is handled face-to-face anyway.

Fact is, as pointed out earlier in the source thread, their yearly reports actually specify an increase in capital, thus implying a healthy profit.

Fact is, they are partnered with real, registered and law-abiding organizations such as Litecoin, agora.trade and Nimiq.

Fact is, at least some partners bought their share in the bank, it was not 'given away'. Again, no proof for your claim. (yes, this is actually insider info, sue me.)

Fact is, lots of companies have '0-net-income' for tax purposes. It's usual business and within the regulatory tax framework. Regular people are not too happy about it, but the government made it so.

The bank might have been registered in 2015, which still makes it over 3.5 years old. Nothing special to see here I think.

---

That's what I could find now with a few Googles. Like I said, until you provide proof for any of your points made, they remain baseless accusations and should be deleted from this forum.

And yes, I created this account just now to speak up.

---

FRFC stands for FUD Refuter & Fact Checker.

I do share the same vision with you. Bitcoin was created with the purpose to create the first unbanked financial system and unregulated with no KYC and shit. All these banking projects are just scams made by smart ass entrepreneurs.  The biggest issue I see with this "WEG Bank" is that they are lying deceiving people that they are a real and operational bank, while they don't share a product, a service, they don't have customers and don't have branches in Germany or worldwide. So, this bank is a scam itself.

Almost all crypto ICO-branded projects are scam (99.9%), I have not seen any projects that are successful and growing.

Anyone who thinks Crypto needs a bank doesn't understand Crypto. Crypto was specifically designed to eliminate the need for banks & all forms of centralized control - your wallet that you control is the only "bank" needed. Therefore, any project containing the word "bank" in it is a scam, always has been & always will be.

Wait. What??? Their office is a random office building in Germany. Probably it was mandatory for them to fill an address for the company registration. Unfortunately, google street view didn't go on that street so we could see their "big bank logo" from the street which probably doesn't exist also. The strangest thing is that their Google Maps recommendation are all fake. They have about 100 recommendation all fake with TokenPay, not even one real user who said something in German or English like: "Good bank. I used it". NOT EVEN ONE SINGLE PERSON HAD USED THIS BANK!

Total scam. WEG Bank AG is a scam and fraud bank. TokenPay is a scam. Nimiq is a scam when they associated with these scammers.

Interesting topic. I'd love to see someone find more background information about the bank and/or its CEO.

A bank without an actual branch seems fishy. Their address is just some office in a building filled with other companies.

I knew something fishy must be behind. I would add also something interesting. Their CEO twitter was recently created like 2 days ago and he has 3 tweets. https://twitter.com/MatthiasHauff Matthias von Hauff is the dude and he looks fake as hell.

https://i.imgur.com/Czji5LB.png

Look at Matthias von Hauff title:

... bridging the gap between fiat banking and crypto mass adoption ...

WTF. What crypto mass adoption, what fiat banking for masses? when you don't have a product, a service or anything to sell.

His company sounds like Pixelon. And this guy Matthias von Hauff sounds like "techno Jesus" Michael Fenne, maybe a 2019 version involved into crypto scams....

hahaha. you busted nimiq's fake partner. good finding. tokenpay is a scam too  used only in p&d schemes.

I saw the link on the Nimiq Discord channel. I knew that WEG Bank AG must be a shady bank since the time I saw that partnership with the scammy P&D shitcoin fork tokenpay . Why do I say so? Because TokenPay did a verbal deal in April 2018 https://medium.com/tokenpay/bank-deal-update-tokenpay-and-german-bank-reach-non-binding-verbal-commitment-on-partnership-5e17f2ec95c9 and a handshake deal in November 2018.

Next month will be almost a year since the verbal deal was made and half a year since the Official Handshake deal was made. Nothing came out of it. Neither a product nor a service, web, mobile or hardware to facilitate crypto users or regular users to access tokenpay coins via their bank. The entire movement, I believe it was a PUMP and DUMP scheme.

I have been doing some research on the so-called "WEG Bank". Proven facts:

1. NO CUSTOMERS. They don't have any customers who is using the "WEG Bank AG" registered in Germany.
2. NO BRANCHES. There are no branches in Germany or worldwide.
3. NO PRODUCTS. They don't have any product to facilitate customers to interact with the bank. No Web Products, no software products, no mobile apps. Nothing.
4. NO REAL PARTNERS. They don't have any provable partner in place that is actually doing something except press releases.
5. NO BANK PARTNERSHIP They don't have any partnership with any other REAL bank world-wide. As you may know, it is mandatory for a bank to have partnerships with other banks to operate national and worldwide money transfers.
6. SHARES WORTHLESS. Their shares on this "bank" are so worthless, that they gave 10% of the bank shares to Litecoin Foundation (a non-profit organization). WTF. How could a bank donate 10% of its shares to a non-profit organization? Even so, it is so illegal that they donated 10% of their shares to a non-profit organization, in case they had any customer. But in reality, they don't have any customer.
7. LESS THAN 5 PEOPLE EMPLOYED. Most probably they have only 1 person hired (namely their CEO ). The website most probably was built by a paid freelance.
8. WEBSITE IS A CMS THEME. The website is a fucking CMS website. They use Contao Open Source CMS. WTF
9. RECENTLY CREATED - JUNE 2015. The company was recently created in June 2015.
10. NET INCOME: 0 EURO IN 2017. According to banking public information: the net income is 0 (ZERO) euro in 2017

WEG Bank AG is a scam. They are just a small company trying to deceive people into believing that they are a huge bank facilitating millions of new people crypto adoption into the banking system. Most probably they receive generous funds from crypto projects to create fake partnerships on press releases. For instance: tokenpay which definitely paid generous bonuses to make a press release that they have partnered up.

Worthless partnership fact:

About 9 months ago, the partnership with TokenPay was made. Nine months had passed and there is no product, no service made that came up of this worthless partnership. All these facts makes me believe that WEG Bank is a scam and a fraud company to deceive crypto investors.

Feel free to discuss other reports on the WEG Bank AG scam.