Short News View Non-AMP

PayPal Moves to Launch Its First U.S. Bank

Published by
Sohrab Khawas

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.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Memes AI (MEMESAI) Price Prediction 2026, 2027-2030: Is a 10x Rally Possible?

Story Highlights The price of the Meme Ai token is . MEMEAI trades near $0.00005890,…

February 22, 2026

Zcash Price Prediction 2026, 2027–2030: Privacy Coin Growth Ahead

Story Highlights The live price of the Zcash token is Zcash price could see a…

February 22, 2026

Bitcoin Price Prediction: Will BTC Break Higher After Rejection Near $69K?

Bitcoin is once again testing an important resistance zone, and traders are watching closely to…

February 22, 2026

XRP Just Flashed the Same Signal Before a 114% Explosion

XRP has just printed its largest on-chain realized loss spike since 2022 — and the…

February 22, 2026

Will the Altcoin Rally Start on March 1?

There’s a lot happening in crypto right now, and one date keeps coming up: March…

February 22, 2026

Ethereum Whales Underwater—Is This the ETH Price Capitulation or a Calm Before a Strong Rebound?

After breaking above the local consolidation range near $1,950, the Ethereum price has pushed higher…

February 22, 2026