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A comment on Revolut raises $500M at a $5.5B valuation. Parent comment

Re:Revolut raises $500M at a $5.5B valuation by peteretep on Tuesday February 25, 2020 @08:22AM (#22412947)
That’s true of any deposit with Revolut as they’re not a bank — as I understand it anyway. It’s as true of Euros or USD as it is for Bitcoin. They’re done as a business the first time they lose customer money though, and that feels like a reasonable hedge.
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Re:Revolut raises $500M at a $5.5B valuation by ValentineC on Tuesday February 25, 2020 @09:30AM (#22413478)
> They’re done as a business the first time they lose customer money though, and that feels like a reasonable hedge.

I don't know if they're required to undergo any financial audits, but I hope they don't grow "too big to fail" when they inevitably get compromised in some way.

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