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I didn't intend to start a debate on the pros or cons of fractional reserve banking, all I was doing was providing a thorough explanation of why ePassporte will not be in a position to pay out all accounts.
Looking through archived ePassporte terms and conditions and disclosures I can find no references or any statement that indicates they maintain or guarantee 100% of funds. Given they were not subject to any significant financial regulation and in the absence of evidence to the contrary it is probable that they employed such a risk model.
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