I would assume that if a bank claims to have my deposit of say $100, it can prove that it has that money physically in a safe, or more likely a corresponding position in the forex market.
But I see your point. It's very hard to actually prove that your dollars in e.g. eToro or Revolut actually exist.
The question is, when could this become a risk? Maybe in case of a bank/app run? It probably devaluates the dollar too.
Pj
npub1sa…q2lvx
2023-10-15 13:01:18
in reply to nevent1q…qhgp
Author Public Key
npub1saqe9lzfk2n2752y20f7shtrgrrxfkynjpl8v74kms55n3g8hm7qyq2lvxPublished at
2023-10-15 13:01:18Event JSON
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