Episode Details

It seems everyone is getting into the banking space! The OCC is seeing an application boom as they grant conditional approval to Circle, Ripple, Paxos, BitGo Bank & Trust, and Fidelity Digital Assets for national bank trust charters. PayPal applies for a bank charter to open PayPal Bank. Fintech payday lender Enova entered into an agreement to purchase Grasshopper Bank. Three ex-Signature Bank executives are starting N3XT, which will specialize in B2B business payments and blockchain technology. Chime has not yet ruled out going after a bank charter. Who else will jump in? Block, Robinhood? This episode reviewed a series of articles from Banking Dive.