Quote:
Originally Posted by AdultKing
What percentage of Paxum account holders funds are held in security and cash ? Is any fractional risk system used to make use of account holders funds for the benefit of Paxum and it's stakeholders ?
Can Paxum guarantee account holders funds in the case of an event like ePassporte encountered ?
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All funds in the E-wallet are sitting in our Bank Accounts. We do not use that for investment purposes. We also have an additional 10-20% of our own in the bank accounts. So if all Paxum users decided to withdraw their money in one day, they would be able to do so without any problems. For every 100,000 USD in Paxum we have anywhere from 100,000 to 120,000 USD in the bank account. Of course that might change later on but it will never been less then 100% of the funds.