Apple Pay, Cash App, and other digital wallets will be regulated more like banks now
Submitted 8 hours ago by alyaza@beehaw.org to technology@beehaw.org
https://www.theverge.com/2024/11/21/24302322/apple-pay-cash-app-paypal-regulated-banks-cfpb
dharmacurious@slrpnk.net 6 hours ago
They need to be insured like bank accounts. Everyone I know that makes less than 50k a year is getting their shit direct deposited to cashapp and using cashapp like it’s their bank. If they go belly up in a financial crash, it’s going to be like the great depression, but only for already poor folk
themurphy@lemmy.ml 5 hours ago
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