Nu said it intends to obtain a banking license in Brazil after regulators moved last week to prevent non-bank companies from using the word “bank” in their brands https://t.co/YaJhTonL7V ...

Strategic Acquisition - Virtuals protocol ecosystem project acquired a bank for under $20 million [1] - Banking license acquisition is strategic, as obtaining one from scratch takes 5 years and costs $50 million [1] Revenue Potential - $1 billion flowing through the bank's rails at 0.5% fees generates $5 million in annual revenue [1] Market Need - 18,000 agents require fiat settlement solutions [1] - Agents cannot use Coinbase for fiat transactions, necessitating regulated infrastructure [1] - Virtuals owns the only bridge, positioning it as a key infrastructure provider [1]

Stablecoin Issuer Paxos Follows Circle and Ripple in Applying for US Banking License► https://t.co/mntbYW7fWt https://t.co/mntbYW7fWt ...

Ripple Follows Circle in Bid for US Banking License► https://t.co/uqgcEDBYWf https://t.co/uqgcEDBYWf ...

NEW: 🚨 Ripple is seeking a U.S. banking license, per WSJ. https://t.co/X5OetUPPG6 ...