[ATOM] The sobering reality about fintech FDIC insurance
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Strong opinion, weakly held: Fintechs that offer FDIC insurance as a way to increase trust are marketing an empty promise. As we saw with recent fintech bankruptcies, insurance doesn't protect users from collapse of fintech but rather their sponsor bank. So it doesn't really help.
[ATOM] The sobering reality about fintech FDIC insurance
[ATOM] The sobering reality about fintech…
[ATOM] The sobering reality about fintech FDIC insurance
Strong opinion, weakly held: Fintechs that offer FDIC insurance as a way to increase trust are marketing an empty promise. As we saw with recent fintech bankruptcies, insurance doesn't protect users from collapse of fintech but rather their sponsor bank. So it doesn't really help.