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

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

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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

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

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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