Money stored on mobile payment apps may not be FDIC insured, US watchdog warns

PANews ｜2023-06-02 4:32

Deposits on mobile payment apps may not be insured by the FDIC, and customers may not know whether their money is insured or not.

Author ：PANews
This article reflects the opinions of PANews's columnist and does not represent the stance of PANews. PANews does not assume legal responsibility. The article and opinions do not constitute investment advice.
Image Source ： PANews If there is any infringement, please contact the author to remove it.

Comment

Recommend Reading

PANews

2023-06-02

What will Binance Australia services look like after debanking?
PANews

2023-06-02

Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit
PANews

2023-06-01

Georgian central bank to launch AML probe into crypto firms
PANews

2023-06-01

BitCulture: Fine art on Solana, AI music, podcast + book reviews
PANews

2023-06-01

Italian senator provokes parliament with AI-generated speech
PANews

2023-06-01

Does the US have a crypto ‘tax loophole’ problem?

Money stored on mobile payment apps may not be FDIC insured, US watchdog warns

Hot

Selected Features More

PAData

PANews AMA

DeFi

PANews

More