The Risk Of Storing Money In Peer To Peer Payment Apps
At first it used to be just some red flags, certain users warning others about the risk of losing money online, or apps suggesting people to be careful when sharing financial information with new clients, etc. Now ever since the Consumer Financial Protection Bureau have raised concerns that the funds may be at risk if the app’s parent company runs into trouble, users are left wondering, “Should we really continue to carry out transactions through these peer to peer payment apps?”