this post was submitted on 09 Dec 2024
779 points (99.6% liked)

Privacy

32471 readers
436 users here now

A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

In this community everyone is welcome to post links and discuss topics related to privacy.

Some Rules

Related communities

much thanks to @gary_host_laptop for the logo design :)

founded 5 years ago
MODERATORS
 

cross-posted from: https://slrpnk.net/post/15995282

Real unfortunate news for GrapheneOS users as Revolut has decided to ban the use of 'non-google' approved OSes. This is currently being posted about and updated by GrahpeneOS over at Bluesky for those who want to follow it more closely.

Edit: had to change the title, originally it said Uber too but I cannot find back to the source of ether that's true or not..

you are viewing a single comment's thread
view the rest of the comments
[–] jagged_circle@feddit.nl 1 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

I have wise accounts both as a US entity and a EU entity. They give you EU IBAN and US ACH accounts no matter which side of the Atlantic you're registering from.

They're the best bank ive found in the EU too, but I didn't think they were a bank. Its important because a US not-a-bank just collapsed and a lot of people lost their life savings. The not-a-bank assured customers that their money was safe because it was being stored in actual bank's bank accounts. This would have been true, but the not-a-bank misplaced almost all their funds and, turns out, they weren't in their partners' bank accounts. Whoops.

[–] boonhet@lemm.ee 2 points 2 weeks ago (1 children)

Turns out it's not an actual bank in the EU either, they just give you an IBAN number and everything.

However, funds in EU are still insured at 20k per account and since they're not a bank, they can't be giving out subprime mortgages using your money like banks do, they have to keep it as safe as possible.

[–] jagged_circle@feddit.nl 3 points 2 weeks ago* (last edited 2 weeks ago)

Yeah but if they're not regulated like s bank then they could do the same thing and "misplace" funds so they're not stored in their partners banks, and you then have 0 insurance, right?