Source: www.phonearena.com - Sunday, April 19, 2015
Google's decision to put consumers' Google Wallet balances in federally-insured financial institutions now means that those putting money in the mobile payment service can sleep soundly at night knowing that the government has their back. Balances as high as $250,000 are insured by the FDIC. Even of an institution closes its doors, Uncle Sam will make you whole again up to a quarter of a million bucks...
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Google's decision to put consumers' Google Wallet balances in federally-insured financial institutions now means that those putting money in the mobile payment service can sleep soundly at night knowing that the government has their back. Balances as high as $250,000 are insured by the FDIC. Even of an institution closes its doors, Uncle Sam will make you whole again up to a quarter of a million bucks...
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