how much of the gig economy's labor payments moved through SVB? Door dash, Uber, etc. those companies suck ass, but their precarious workers could very well get caught out. even one day's pay could be catastrophic.
and what about our lovely private "money apps* in the US? any exposure there?
yea this has been worrying me with Stripe as well. it's gonna make a bunch of small to medium businesses have to close up until this resolves.
Really hate how bazinga brains persuade small businesses to switch over to their “low fee” “modern” platforms when in reality it’s all subsidized by even bigger bazinga brains who don’t know how to manage money