Last week, details come out about one Application That fantake giant Band Submitted for the US banking license.
There were a lot of things on X to say whether it was stripped – already Privately Valuable Fantric In the world – will now add the “bank” to its explanation list.
The short answer is: No.
What is true is that this is the first time marked when the belt has applied for a banking license. But what may not be so clear is that the scope of the license is very narrow. This license does not mean that the fantasy company will accept the reserves. This means that if the approval is granted, the strip will be allowed to take action on their payments, in addition to the partners who take action on their payments.
A strip spokesperson told Tech Crunch: “Over the past few years, as the Stripe Business has increased, the number we have worked with with the banking and other partners has significantly increased. This application helps us to ensure that we have a wider option to support our users.
A source familiar with the move, who is familiar with the reasons for its own becomes, said it directly gives “a little extra flexibility to take action on payments”. Currently, his Ben sponsors (Or sponsor bank) vary in geography.
In 2024, Wells Fargo (a former peer) suddenly got out of the Bin Sponsorship business – where Bank Finctic helps access to payment networks such as a visa and a mastercard. When the banks do it, it leaves companies such as a risky strip to disrupt the service.
Being able to take action on your payments, the belt relies less on its partners.
If the approval is granted, this banking license may be the third quarter of 2025.