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.

  • boonhet@lemm.ee
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    12 days ago

    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
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      12 days 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?