> 1. This is a very U.S.-centric view, not everybody has access to FDIC Similar mechanism exists globally. Have a read: https://en.wikipedia.org/wiki/Deposit_

> 1. This is a very U.S.-centric view, not everybody has access to FDIC Similar mechanism exists globally. Have a read: https://en.wikipedia.org/wiki/Deposit_insurance https://en.wikipedia.org/wiki/Deposit_insurance