RE: Could PayPal take railsbank!23 May 2018 14:40
Announced in a statement today, PayPal’s COO Bill Ready has said that the payments firm is looking to roll out some new features that, all in all, are really more traditional than innovative. On the cards for 2018 is a PayPal Mastercard debit card, attached to a FDIC-insured banking account with the ability to accept direct cheque deposits.
But PayPal itself has no plans to pursue a banking licence any time soon, not least because it is notoriously hard to do so in the United States. Instead it will offer all of these things through partner banks, the names of which are currently unconfirmed.
However if not in the USA could pursue elsewhere in the world!