The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank, which all experienced bank runs after fearful customers with uninsured deposits pulled their money en masse.
The Federal Deposit Insurance Corporation insures bank accounts up to $250,000. But money stored in Venmo or CashApp or Apple Cash is not being held in a traditional bank account. So, if there is an event similar to a bank run with those payment apps, those funds may not be protected.
Bu hikaye Techlife News dergisinin Techlife News #606 sayısından alınmıştır.
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Bu hikaye Techlife News dergisinin Techlife News #606 sayısından alınmıştır.
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