The post PayPal Moves to Launch Its First U.S. Bank appeared first on Coinpedia Fintech News PayPal submitted applications to the FDIC and Utah regulators for anThe post PayPal Moves to Launch Its First U.S. Bank appeared first on Coinpedia Fintech News PayPal submitted applications to the FDIC and Utah regulators for an
PayPal Moves to Launch Its First U.S. Bank
The post PayPal Moves to Launch Its First U.S. Bank appeared first on Coinpedia Fintech News
PayPal submitted applications to the FDIC and Utah regulators for an industrial loan company charter called PayPal Bank. The goal is to expand small business lending, building on over $30 billion provided to 420,000 accounts since 2013, with interest-bearing savings and FDIC insurance if approved. CEO Alex Chriss aims to reduce third-party reliance and fuel US economic growth under lighter regulations.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Missed Avalanche And Arbitrum? Buy APEMARS at $0.00006651 – Your Next 100x Crypto in the Crypto Bull Runs
Imagine looking back at Avalanche or Arbitrum during their ICOs and realizing you could have turned a few dollars into thousands. That pang of regret, the “I should
Share
Coinstats2026/02/20 09:15
Pastor Involved in High-Stakes Crypto Fraud
A gripping tale of deception has captured the media’s spotlight, especially in foreign outlets, centering on a cryptocurrency fraud case from Denver, Colorado. Eli Regalado, a pastor, alongside his wife Kaitlyn, was convicted, but what makes this case particularly intriguing is their unconventional defense.Continue Reading:Pastor Involved in High-Stakes Crypto Fraud
Share
Coinstats2025/09/18 00:38
Federal Reserve expected to slash rates today, here's how it may impact crypto
Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
Share
Coinstats2025/09/18 01:42