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That’s true of any deposit with Revolut as they’re not a bank — as I understand it anyway. It’s as true of Euros or USD as it is for Bitcoin. They’re done as a
by peteretep 7y ago
That’s true of any deposit with Revolut as they’re not a bank — as I understand it anyway. It’s as true of Euros or USD as it is for Bitcoin. They’re done as a business the first time they lose customer money though, and that feels like a reasonable hedge.
- ValentineC 7y ago> They’re done as a business the first time they lose customer money though, and that feels like a reasonable hedge. I don't know if they're required to undergo any financial audits, but I hope they don't grow "too big to fail" when they inevitably get compromised in some way.