Bitcoin advocate and Twitter CEO Jack Dorsey just had his application to launch Square Financial Services Inc. approved by the FDIC. This means that the U.S. financial services and mobile payment company whose cash app allows for payments in bitcoin will soon be able to issue loans to commercial merchants. First Approval for Industrial Bank in Over 10 Years The Federal Deposit Insurance Corporation (FDIC) approval for Dorsey’s “de novo” industrial bank is a significant […]
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