Quote:
Originally Posted by NanoBot
Do not trust these middlemen. None of them... They're here to do a few years of good business to earn trust and then rob us. All of them.
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None of these companies will maintain 110% of the funds held in customer accounts in the form of cash and security. Unless they can somehow be better than a bank and fully fund liability to account holders then they are just as liable to fall over badly if something goes wrong.
I am sure ePassporte was sailing along with funding for only a portion of it's liabilities to account holders happy that many people kept their funds in their wallets. As soon as Visa pulled the plug all hell broke loose and the stack of cards came crashing down.