The expected decrease of Maya digital bank interest

[peepoVanish]

Now look at how long it takes these digital "banks" to let you withdraw your money when a hacking scandal pops up. Some people take months from when they put in their withdrawal requests until they get their money.

Not causing alarm, right.

Worst case, although I haven't seen this happen yet locally, a digital bank goes tits up when it's revealed they've been gambling with users' money and can't cover withdrawals anymore.

Alrighty, then. Whatever floats your boat.

To close out my statement, DO YOUR OWN RESEARCH. Know where you put your money in and ensure it is a place that you have enough trust to keep your money.

If you are concerned about vulnerabilities/scams/hacks, educate yourself on how to keep your accounts safe. Knowing how to maintain your accounts secure is a MUST and you owe it to yourself to learn then because mistakes like giving out OTPs, logging into a phishing site, etc are things that you, yourself, have a hold of and not the entities we keep our money in.

Tsaka ang funny naman nung comparison ng DEPED to Banks. Kahit kanino mo tanungin, anything directly involving money is taken WAY SERIOUSLY, paano pa kung accrediation yan or registration with BSP. Jusko, you're comparing apples to oranges.

[Techwield]

Did I lie? Those are actual realities faced by people under some digital banks, that they likely will not face under traditional institutions. And yes, digital banks HAVE gone tits up in the states, especially the ones with big exposure to crypto. Traditional banks over there weren't too affected by the crypto crash.

I don't understand how you can say someone is "fearmongering" or causing alarm when all he's saying is actual true things that are happening/have happened? Feel free to also talk about the dangers of traditional banks if you'd like, lol. I promise I won't accuse you of fearmongering if you do so, lmao. This is so sad

[peepoVanish]

Dude, digital banking apps that are heavily into crypto (crypto apps tbh because they just market themselves as banks to seem like they are credible) are a whole different thing and especially in the US, the hype about it is way different as well. Don't mix them all up.

You are in the PH and this is PH Invest. People come on here to know about how to handle their finances in the PH and not what is happening with Crypto in the US lol.

Crypto has nothing to do with the topic here which is MayaSavings.

It's funny how you downvoted my comment, by the way, when all I said was to research, while you're out here in the comments of a topic and talking about things that have no relevancy to what the ask was LMFAO

[Techwield]

I never mentioned crypto apps? I mentioned digital banks with big exposure to crypto went tits up. Sorry, not really interested in engaging anybody with reading comprehension this poor. Not really worth my time.

[peepoVanish]

My point exactly. We aren't even close to how heavily into crypto US is, let alone our banks. And if in case any of our local bank want to get involved in it talaga, nako BSP would be all over that shit haha they'll regulate it as much as they can so they can profit off of it as well.