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Menu
Project Finance: What type of regulation do apps like Cash App and Venmo have abide by?
AJ
AJ
Alec J. Witkowski, Wealth manager and Entrepreneur answered:

hey there,

These services are great for online transactions. These technology companies are, normally, self-regulated and self-governed. This can be seen in this link https://squareup.com/us/en/legal/general/ua for Square.

They are tech companies that help transact business. Their security is through their own mechanisms. Banks are FDIC insured.

Hope this helps!

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