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Old 12-18-2008, 07:29 AM  
Phoenix66
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Join Date: Oct 2002
Posts: 823
Quote:
Originally Posted by NTM View Post
Reputable, 200 year old banks are going bankrupt all over the world, but an internet payment system that is registered on some island that one one heard of is working perfectly fine!
This, indeed, MAY happen to Epassporte. But actually, it depends on their business model which we know nothing about. Banks give credits, thus taking risk, payment system simply transfers money, taking commisions. Obviously they store their assets somewhere and if they are in one place they can disappear along with the bank if it bankrupts. But most of payment systems go down not because of that, but because they begin to make things they are not supposed to make. Like to invest client money into real estate or commodities without even notifying the clients about such activities. Or because they involve themselves into money laundering schemes.

Also, a question - if you are that afraid about reliability of Epassporte, why do you have money there at all? You should have taken them out and buy gold (or something else yu consider reliable) long ago.
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Last edited by Phoenix66; 12-18-2008 at 07:31 AM..
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