PayPal has applied to become a US bank, w. savings and loans

It looks like we could be seeing the launch of a PayPal Bank in the US after the company took advantage of looser conditions in order to make its application …

Even for a company the size of PayPal, becoming a bank is no trivial undertaking. However, the White House decided earlier this year to loosen the stringent conditions normally required in order to allow fintech companies to become banks. A number of crypto businesses have already gained preliminary approval to turn…