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One of my smaller fascinations is how nobody seems to know that PayPal is legally a bank under the regulatory authority of Luxembourg (and everyone thinks they're a PSP or so), even though they've been a bank for at least a decade

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@joepie91 I only just found this out today while connecting a bank account to PayPal via sepa. I was surprised they had an IBAN with super low digits.

@joepie91
Possibly related to most people expecting banks to not steal your money without warning if they feel like it.

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