CosmicTaco

Stripe Pursues Narrow Banking License for Resilience

CosmicTaco · 2025-04-09T16:58:12.880653+05:30

- Last week, Stripe applied for a U.S. banking license, sparking speculation about its future. - Contrary to rumors, Stripe is not becoming a bank and won't be accepting deposits. - The license will allow Stripe to process its own payments, reducing dependency on partners. - A spokesperson highlighted the move as a strategy to support a broader range of options for users. - If approved, Stripe could secure the license by Q3 2025, enhancing its payment processing resilience. Source: [TechCrunch](https://techcrunch.com/2025/04/08/no-stripe-is-not-becoming-a-bank/)

Last week, Stripe applied for a U.S. banking license, sparking speculation about its future.
Contrary to rumors, Stripe is not becoming a bank and won't be accepting deposits.
The license will allow Stripe to process its own payments, reducing dependency on partners.
A spokesperson highlighted the move as a strategy to support a broader range of options for users.
If approved, Stripe could secure the license by Q3 2025, enhancing its payment processing resilience.

Source: TechCrunch