The move would allow the firm to originate loans directly, hold customer deposits, and access payment networks without relying on third-party partners.
The post PayPal Parades Potent Plans for Industrial Bank appeared first on TechRepublic.
The move would allow the firm to originate loans directly, hold customer deposits, and access payment networks without relying on third-party partners.
The post PayPal Parades Potent Plans for Industrial Bank appeared first on TechRepublic.
Payments giant PayPal formally applied for a Utah state-chartered industrial bank license on Monday, joining a number of fintech and crypto firms seeking bank charters to expand their services.
The digital payments company aims to create an industrial loan arm called PayPal Bank to offer business lending solutions to “small businesses in the US.”
Additionally, a state-chartered license would enable the PYUSD stablecoin issuer to originate loans, hold deposits, and access payment networks directly.
PayPal CEO Alex Chriss emphasized that small businesses face “significant hurdles” in securing capital to grow their operations.
“Establishing PayPal Bank will strengthen our business and improve our efficiency, enabling us to better support small business growth and economic opportunities across the U.S.,” Chriss said in the release.
PayPal filed the application with Utah regulators and the Federal Deposit Insurance Corporation.
Payments firm PayPal said on Monday it has applied to establish a bank in the United States, as companies rush to capitalize on a friendly regulatory environment under the Trump administration. https://t.co/fCMHY5zVMm
— Reuters Legal (@ReutersLegal) December 16, 2025
PayPal’s push for a bank license comes amid an increase in banking charter activity among crypto firms. The US Office of the Comptroller of the Currency (OCC) head, Jonathan Gould, recently highlighted that the agency received about 14 charter applications since the start of the year, including digital asset firms.
Besides, PayPal has prioritized regulated integration of digital assets over recent years, including rolling out support for merchants to accept Bitcoin and Ethereum at checkout.
The federal bank regulator, OCC, already has trust charter applications from five different crypto companies, including stablecoin issuer Circle, Coinbase and Ripple.
For instance, Ripple intended to bring its dollar-backed stablecoin, RLUSD, under federal supervision by seeking a national banking license.
Per Monday announcement, PayPal has selected Mara McNeill to serve as PayPal Bank’s president, who has over two decades of experience in banking and commercial lending.
PayPal launched its dollar-pegged stablecoin PYUSD in Aug. 2023 in partnership with Paxos Trust Company, a US-regulated entity.
Early this year, the US SEC dropped its high-profile crypto investigation on the stablecoin, with no further action, in a broader crackdown on crypto-linked enforcement actions.
Last week, the firm confirmed that YouTube creators in the US can now choose to receive their payouts in PYUSD, pushing stablecoin into everyday payments.
The post PYUSD Stablecoin Issuer PayPal Seeks State-Chartered Bank License appeared first on Cryptonews.
Cross-border payments are getting faster and more complex. Here’s what’s driving the change, how new technologies like ISO 20022 and SWIFT GPI fit in, and what businesses should do now.
The post Cross-border Payments in 2025: How They Work, Costs, and What’s Changing appeared first on TechRepublic.
Cross-border payments are getting faster and more complex. Here’s what’s driving the change, how new technologies like ISO 20022 and SWIFT GPI fit in, and what businesses should do now.
The post Cross-border Payments in 2025: How They Work, Costs, and What’s Changing appeared first on TechRepublic.
YouTube has quietly added a new payout option that lets creators in the US receive earnings in PayPal’s dollar-pegged token, PYUSD. According to several reports, the change appears to be active now and is being offered through PayPal’s payout rails rather than through any direct crypto custody by YouTube.
PayPal’s head of crypto, May Zabaneh, confirmed the setup to Fortune and said the company uses its existing payout network to deliver PYUSD to recipients who opt in.
That means YouTube will still calculate and send creator earnings in dollars to PayPal’s system, and PayPal is then responsible for the conversion to the stablecoin and distribution to creators. The move builds on PayPal’s broader push to offer stablecoin tools to businesses and individual users.
PYUSD was introduced by PayPal in 2023 and has since been plugged into services such as Venmo and PayPal’s merchant tools. Reports have made clear that YouTube itself is not holding or moving crypto on behalf of creators; PayPal handles the token side.
For the moment, the option is available only to creators based in the US. A Google spokesperson confirmed the rollout but declined to share a schedule for any expansion beyond American users.
Creators who qualify for YouTube’s monetization programs may be able to opt into the new payout method for monthly earnings like ad revenue and paid memberships.
Some creators will value the extra choice. Receiving PYUSD could let a creator hold a dollar-pegged token onchain, spend it where PayPal tools accept it, or convert back to fiat through PayPal.
There are tradeoffs: holding a stablecoin brings different custody and tax considerations than a straight bank transfer. Reporting systems and bank rules may differ depending on how the creator finally cashes out.
What Creators Should ExpectThe signup step should be familiar to anyone who already uses PayPal payouts on YouTube; it will likely appear as an alternative payment method in creator settings.
Once chosen, payments will flow through PayPal’s established payout system and show up as PYUSD in the recipient’s compatible wallet or PayPal balance, per the descriptions circulating in the trade press.
PYUSD In NumbersPYUSD’s onchain presence has grown rapidly. Market trackers list the stablecoin with close to $4 billion in circulating value and roughly 3.8 billion tokens in supply at the moment, figures that underline how much the token has expanded since launch.
Featured image from Unsplash, chart from TradingView
— Expedia Group appointed Xavier Amatriain as its first chief artificial intelligence officer and data officer. He joins the Seattle-based travel giant from Google where he served as vice president of product in AI and Compute Enablement. Other past employers include Quora, LinkedIn and Netflix.
“[Amatriain’s] deep expertise in building large-scale AI platforms will help redefine how people experience travel,” Expedia CTO Ramana Thumu said in a statement. “Expedia Group operates at a scale few can match, and we invest deeply in our talent, giving technologists the space to learn, experiment, and push the boundaries of what AI can do.”
Amatriain, based in San Jose, Calif., has mapped a diverse career path — he’s been a university professor in Spain, a healthcare startup co-founder, a researcher, and an engineering leader.
— Textio co-founder and former CEO Kieran Snyder returned to Microsoft as vice president of AI transformation.
“My goal in this new role is to help Microsoft be the best living case study of effective, human AI transformation in the world,” Snyder said on LinkedIn.
Snyder began her tech career at Microsoft in 2004, working on the Bing search engine and Windows. In 2014, she launched Textio, which claims to be the first-to-market venture using AI for HR functions. The company’s software helps organizations recruit, hire and retain inclusive teams.
Over the past two years, Snyder ran a business called “nerd processor,” which offered research and leadership coaching, and served as chief scientist emeritus at Textio, where she is now on the board of directors.
— Ross Tennenbaum is leaving his role as president of Avalara for a new role with an unnamed public company, according to the Puget Sound Business Journal. Tennenbaum joined the tax software giant in 2019 and was previously CFO. He worked at Goldman Sachs and Credit Suisse before joining Avalara, which relocated its headquarters from Seattle to North Carolina following its acquisition by Vista Equity Partners in 2022. It filed to go public, again, earlier this year.
— After more than 12 years at T-Mobile, Janice Kapner is leaving the telecommunications giant. Kapner was chief communications and corporate responsibility officer and executive VP at the Bellevue, Wash., company where she led a team of more than 160 employees.
“From Magenta sneakers and confetti cannons to competitive stunts, big bets, and a front-line team that made the brand burst off the page and into the world — these are moments I’ll never forget,” Kapner said on LinkedIn. “They shaped me as much as I helped shape them.”
Prior to T-Mobile, Kapner was at Microsoft for more than a decade.
— Former Microsoft and Amazon leader Vinita Ananth is now senior director of product for the cloud company Nebius. Ananth, based in the Seattle area, has been working since July on stealth-mode startups HelpViber and FulcrumAX. Ananth called the decision to leave these ventures “difficult and emotional.”
“I’m thrilled that my co-founder will continue driving both HelpViber and FulcrumAX forward, with a strategic focus on customer traction, platform maturity, and meaningful funding milestones over the coming year,” she said on LinkedIn, adding that she’ll continue in advisor and co-founder roles.
— PayPal appointed Bo English-Wiczling as VP of global developer relations. English-Wiczling, based in Seattle, joins from Oracle, where she worked for nearly nine years in leadership roles in database product management and developer relations. Previous employers include Amazon and Best Buy.
“After an incredible journey working alongside talented engineers, community leaders, and innovation-minded partners, this new role feels like the perfect next step,” English-Wiczling said on LinkedIn. “I’ll be working at the intersection of PayPal’s global payments platform and developer ecosystems — helping build, grow, and energize the communities and relationships that power our future.”
— Jaimin Gandhi joined Seattle-based AI roleplay startup Yoodli as a product leader. Gandhi’s past roles include leadership positions at Nerdy, Binance, Uber, DocuSign, Microsoft and others.
Over the past year, Gandhi built FourPoint.AI, a tool that helps job seekers improve their communications. While he won’t be adding new features to FourPoint, “I am opening it up for free,” Gandhi said on LinkedIn. “If it helps someone land their next opportunity the way it helped me find mine, that is a meaningful way to pay it forward.”
— Kapil Hetamsaria is now chief business officer of Neo4j, a data analysis, graph intelligence platform. Hetamsaria joins from C3 AI, where he served as a vice president, and was previously co-founder and CEO of Viddl App, a Bellevue-based short-video platform.
— Dave Rosenbaum is leaving his role as senior publications manager at Seattle-based pet sitting company Rover to join Airbnb.
“I have always been a firm believer in the transformative power of travel — discovering new places, trying new foods, and having new experiences,” Rosenbaum wrote on LinkedIn. “Airbnb’s mission is central to this belief that the world offers limitless possibilities.”
Rosenbaum is also a deputy mayor and city council member for Mercer Island, a city east of Seattle, and previously served in legislative roles for members of Congress.
— Ambika Singh, founder and CEO of online clothing rental company Armoire, joined the board of trustees for the Seattle Metro Chamber.
— Pete Fewing, associate athletic director at Seattle University and longtime Sounders FC broadcaster, joined the board of directors for Starfire Sports. The organization provides coding classes, drone summer camps, and other free, after-school sports programming for underprivileged kids in South Seattle.
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