In an article called FAQs - X Accounts under General chat, in one section it goes on about how X-Accounts is the best of DeFi. So to make this point, wirex states all the shortcomings and risks involved in DeFi… and amoung the risks is listed that the funds are not insured.
So then following to the problems of DeFi, wirex write out how X-Accounts is solving the various problems posed. All of these solutions are quite clear except I didn’t understand the very last one talking about insurance?
“Developing Wirex’s reputation for regulatory compliance and customer safety, the partnership will give Wirex up to $30 million on insurance on crypto assets”
I didn’t really understand if this is saying that X Account’s are insured? What do you reckon?