“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

Well that sounds terrifying!

You are viewing a single thread.
View all comments View context
8 points
*
Deleted by creator
permalink
report
parent
reply
24 points

And let’s remind everyone because people seem to forget.

PayPal is NOT FDIC insured!

permalink
report
parent
reply
7 points

I pretty much run everything through paypal for the extra layer of security.

It saved my ass when I was doxxed and hacked. I had my logins and financial information stolen.

I can totally see not putting more than a few thousand into the balance if you’re going to use it like a secured credit card.

Otherwise, keeping $0 in it and using it as a middle man between your bank and the outside world is a fantastic solution to protecting yourself.

permalink
report
parent
reply
13 points

Was forced out of after he almost tanked the company trying to do this exact thing.

What’s the definition of insanity again?

permalink
report
parent
reply
1 point

Yeah, it’s not an original idea. He’s recycling his ideas.

permalink
report
parent
reply

Technology

!technology@lemmy.world

Create post

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


Community stats

  • 15K

    Monthly active users

  • 13K

    Posts

  • 557K

    Comments