PayPal has applied to become a US bank, w. savings and loans

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It looks like we could be seeing the launch of a PayPal Bank in the US after the company took advantage of looser conditions in order to make its application …

Even for a company the size of PayPal, becoming a bank is no trivial undertaking. However, the White House decided earlier this year to loosen the stringent conditions normally required in order to allow fintech companies to become banks. A number of crypto businesses have already gained preliminary approval to turn…



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PayPal has applied to become a US bank, w. savings and loans


It looks like we could be seeing the launch of a PayPal Bank in the US after the company took advantage of looser conditions in order to make its application …

Even for a company the size of PayPal, becoming a bank is no trivial undertaking. However, the White House decided earlier this year to loosen the stringent conditions normally required in order to allow fintech companies to become banks. A number of crypto businesses have already gained preliminary approval to turn…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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