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Revolut, McDonald's, and Authy have banned the use of GrapheneOS.
(grapheneos.org)
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this post was submitted on 09 Dec 2024
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Privacy
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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.
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?