The Banking Crisis is Accelerating in Big Tech Banks: 10 Million Americans Cannot Withdraw their Funds on One FinTech App!
The technology that America's infrastructure is now hopelessly dependent upon continues to fail, as it was reported this week that one of the most popular FinTech (Financial Technology) apps, which are supposed to "reinvent" banking by getting rid of such pesky nuisances such as over-draft charges, having to wait until your paycheck clears before having access to funds, and many other wonderful Big Tech promises that have convinced tens of millions of people to open accounts on these FinTech apps, has left millions of customers today without access to their funds on deposit. These funds on deposit with these FinTech apps are NOT FDIC insured. And a judge just ruled that if you lost your money on this app, too bad. As I have been warning for over a year and a half, if you trust in the technology, you risk losing everything as a reward for your faith in Big Tech, as the Big Tech Crash that started in 2022 just after the demise of FTX, with its billionaire founder now sitting in prison, is now accelerating.