PayPal’s Bank? The Absurdity!

Payments giant PayPal, ever the supplicant, has applied to the powers that be – the Utah Department of Financial Institutions and the all-seeing FDIC – to birth this… this bank. The intention, they claim, is to shower small businesses with loans. As if a company built on the fleeting nature of digital transactions truly understands the agonies of a grocer struggling with inventory, or a carpenter lamenting the price of wood! 🤣



