8 ms·

> but the fact that PayPal has a bank charter When did it get one?

• fnordpiglet 2mo ago
  2008 in the EU and last year in the US.
  • dataflow 2mo ago
    Citation needed? I'm not seeing anything indicating PayPal has a bank charter in the US.
    • kalleboo 2mo ago
      I can see that they applied last year but not that they've been approved https://newsroom.paypal-corp.com/2025-12-15-PayPal-Submits-Applications-to-Establish-an-Industrial-Bank-to-Expand-Access-to-Financial-Services-for-U-S-Small-Businesses https://newsroom.paypal-corp.com/2025-12-15-PayPal-Submits-A...
      • dataflow 2mo ago
        Yes, exactly. It's kind of an... important distinction.