06-17-2021, 06:13 PM
All major banks in Australia are down right now.
<!-- SC_OFF --><div class="md"><p>All major banks in Australia got hit with a nation-wide outtage at the exact same time today leaving online banking services unusable.</p> <p>This is a major concern for many reasons but before people jump to conclusions it’s important to consider how crypto <strong>isnt</strong> immune from this either.</p> <p>Consider when AWS went down and wallets that were hosted on websites using aws were inaccessible and showing balances of 0.</p> <p>Or exchanges that aren’t accessible if their providers crash </p> <p>Let this be a wake up call of how fragile ALL financial systems are and how important it is to have both: </p> <ul> <li><p>cash for emergencies </p></li> <li><p>cold storage for crypto</p></li> </ul> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HondaSpectrum"> /u/HondaSpectrum </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o1pki6/all_major_banks_in_australia_are_down_right_now/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o1pki6/all_major_banks_in_australia_are_down_right_now/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>All major banks in Australia got hit with a nation-wide outtage at the exact same time today leaving online banking services unusable.</p> <p>This is a major concern for many reasons but before people jump to conclusions it’s important to consider how crypto <strong>isnt</strong> immune from this either.</p> <p>Consider when AWS went down and wallets that were hosted on websites using aws were inaccessible and showing balances of 0.</p> <p>Or exchanges that aren’t accessible if their providers crash </p> <p>Let this be a wake up call of how fragile ALL financial systems are and how important it is to have both: </p> <ul> <li><p>cash for emergencies </p></li> <li><p>cold storage for crypto</p></li> </ul> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HondaSpectrum"> /u/HondaSpectrum </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o1pki6/all_major_banks_in_australia_are_down_right_now/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o1pki6/all_major_banks_in_australia_are_down_right_now/">[comments]</a></span>Kind Regards R