what happens to your funds when wallet provider packs up?

what happens to your funds when wallet provider packs up?

Supposing the company that provide Electrum wallets goes bust and the service/software is withdrawn. Does this mean my fund disappear? If not then how would I recover my funds?

More specifically would the 12 recovery words (provided by Electrum) have any use if Electrum wallet service was no longer available?

http://ift.tt/2BIYwG6

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