#PayPal filed applications to establish #PayPalBank, a #Utah chartered industrial loan company. The bank would allow PayPal to #lendmoney, #holddeposits, and offer interest-bearing #savingsaccounts, reducing its reliance on third parties for #lending to #smallbusinesses. https://www.wsj.com/finance/banking/paypal-applies-to-establish-bank-25172927?eicker.news #tech #media #news
#paypalbank — Public Fediverse posts
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