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.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

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

Grayscale and Bitmine Stake $500M in ETH in One Day, Reshaping the Top Crypto Coins of 2026 While XRP ETFs Post Record April

Grayscale and Bitmine staked nearly $500 million in Ethereum on April 25, locking 214,440 ETH…

April 28, 2026

Ethereum Price Hit 2021 Levels After Five Years: Is It Time to Sell ETH?

Ethereum is back near a price level many investors remember well. On April 28, 2026,…

April 28, 2026

Humanity Protocol (H) Price Surges as AI Narrative Fuels Breakout Momentum

The Humanity Protocol price this week showed remarkable rise and broke the weeks of bearish…

April 28, 2026

Ethereum Price Prediction Under Pressure as AI Exposes DeFi Flaws While Pepeto Security Delivers

The Ethereum price prediction for 2026 just hit a turning point that most traders have…

April 28, 2026

LayerZero Price Breakdown Incoming: Will $1.35 Hold or Break?

LayerZero price is on the edge as bears tighten control, pushing ZRO toward a critical…

April 28, 2026

Block Inc. Holds 28,355 BTC Worth $2.2B

Block Inc. has disclosed 28,355 Bitcoin worth about $2.2 billion in its Q1 2026 proof-of-reserves…

April 28, 2026