Hopping for the best 🥺(kuda) | Bitcointalksearch.org

Jegileman

full member

Activity: 434

Merit: 199

Quote from: Inior on December 14, 2023, 04:34:29 PM

Afraid is catching me 🥺, God please help me , my life savings is at stake here,
What is happening to kuda app na?
Where do I go from here 😪

Oboi wetin dey sup na? Hope say the matter don dey alright by now? To put your life savings for bank wey no dey physical dey very risky o. I love them for their fast transaction processing but I no dey put plenty money wey be say if anything happen to am e go break me down inside am. Whi so many complains about kuda recently? I only had one encounter with dem wey be say till now I dey fit see my money inside and I no fit withdraw am, since then I don leave the bank for dem because I no dey use am do anything again till dey release that my money wey I dey see and I no fit send or withdraw am.

Hewlet

full member

Activity: 462

Merit: 196

Quote from: Inior on December 14, 2023, 04:34:29 PM

Afraid is catching me 🥺, God please help me , my life savings is at stake here,
What is happening to kuda app na?
Where do I go from here 😪

i don't find it all that reasonable to save a huge amount of money in most of this mobile apps that don't have a physical location at the moment. It's understandable to keep one's savings in the bank since they've proven to be trustworthy to a reasonable extent but saving much amount of money in a micro finance bank is a no no for me.

What I do most of the time is that I save only the amount I need for my weekly expenses and the rest is left in the normal bank to avoid stories that torches the heart.

nelson4lov

hero member

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Merit: 805

Top Crypto Casino

Kuda have had these type of outages in the past so it's nothing new. It happens to the biggest platforms as well - even Facebook, Twitter (now X) suffer from outages like that. Other fintechs too: Palmpay and Opay sufferfrom it too.

The problem is that most of these fintech basic rely on a bunch of APIs in order to deliver their services. So if anyone of those APIs goes down, it takes the entire infrastructure down with it.

I treat fintech banks like hot wallets (wallets just used for immediate transactions) not for long term management of asset/funds.

Inior

member

Activity: 66

Merit: 17

Yea , thanks allot for the information that's true.
It's just take they put me in a really tight Conner yesterday, a Marchant was on my neck.

Obim34

sr. member

Activity: 224

Merit: 195

But OP, I'm still wondering why you have to creat three different topic thread all on the same matter about Kuda alone, that is spamming and is frowned at here all you should have gone under one of the thread incase of next time.

By the way, is it enough reason to panic this way despite hav8ng huge amount inside you should have known by now that Kuda is CBN verified and can hardly fraud people of their hard earn money. If Kuda wants to close operation dey will announce it so everyone can withdraw their money as the government has close watch on them.
What happend earlier was a glitch or maintainance and it happens at specific interval so try as much to get use to it and stop the panicking

CryptSafe

sr. member

Activity: 728

Merit: 421

If you are talking about yesterday evening experience then I will tell you that it is just a maintenance issue as they made a notification on their app for users to see that they are running maintenance. I had similar experience last night when I was trying to subscribe but the notification popped up and I had to halt my ongoing transaction. While waiting for them to finish upgrading I made use of another app and that did not waste much of my time.

It is advisable that you do not keep all your funds in these micro finance Bank app with no office to locate them. You can use them for payment and transfer when it is urgent but not to save with them.

Bank apps are still much available that you can use to save your funds. Maybe you could transfer from the app to your micro finance app to do transaction and after which you remove the remaining back to your bank app. People use the micro finance Bank app because of the speed at which the transaction takes place. Quick alert confirmation and transfer compared to banks.

I will advise you not keep your life savings under the custody of micro finance bank you do not know their office.

Inior

member

Activity: 66

Merit: 17

Afraid is catching me 🥺, God please help me , my life savings is at stake here,
What is happening to kuda app na?
Where do I go from here 😪

Topic: Hopping for the best 🥺(kuda) (Read 97 times)