{"id":26644,"date":"2024-05-24T16:37:23","date_gmt":"2024-05-24T20:37:23","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=26644"},"modified":"2024-05-26T13:33:26","modified_gmt":"2024-05-26T17:33:26","slug":"solvency-crisis-tidbits-nick-neuman","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/solvency-crisis-tidbits-nick-neuman\/","title":{"rendered":"solvency crisis TidBits Nick Neuman"},"content":{"rendered":"
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Nick Neuman<\/a><\/b><\/td>\n<\/tr>\n
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The systemic fintech meltdown Bitcoiners aren’t talking about:<\/p>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nA solvency crisis has been overshadowed by all the regulatory news this week- the Synapse bankruptcy.<\/p>\n<\/td>\n<\/td>\n<\/td>\nUp to $150 million in user money has been frozen for days, and unwinding the web of IOU\u2019s has become a mess. 👇<\/p>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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2\/ Today, many consumers use fintech apps to manage money, but these apps aren\u2019t always banks. Often, apps partner with other vendors with banking relationships. The app provides a frontend while a bank provides accounts and FDIC protection. <\/p>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\nAnd frequently there\u2019s a middleman.<\/p>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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WordPress\u2019d from my personal iPhone, <\/a><\/span>650-283-8008<\/a><\/span>, number that Steve Jobs texted me on<\/a><\/span><\/div>\n

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