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PayPal says it filed US applications to establish PayPal Bank, to offer savings accounts and cut its reliance on third parties when loaning to small businesses

Buy now, pay later firms and crypto companies are making moves left, right, and center to become banks, and PayPal wants to join the party. … Scott T Henderson : PayPal looking to become the latest Utah Bank/Industrial Loan Company following in the footsteps of Square, Nelnet and many more.  😎 …

Wall Street Journal