Don't store your money in these apps long term, says the Consumer Financial Protection Bureau. If a large number of customers pulled their cash, or a financial crisis occurred, like that of Silicon Valley Bank, your money won't be protected.
https://apnews.com/article/venmo-paypal-cashapp-p2p-payments-deposit-insurance-f89eba2486a383160b9343e2e4e60b3f?utm_source=flipboard&utm_content=user%2FAssociatedPress
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#moneyapps #technologynews