Jack Dorsey’s financial company Square, which also owns mobile payment service Cash, has just opened up its own bank. According to the company, it’ll be called Square Financial Services, and launch sometime later this year. “Bringing banking capability in-house enables us to operate more nimbly, which will serve Square and our customers as we continue the work to create financial tools that serve the underserved.” —@AmritaAhuja https://t.co/FZflYS1zy0 — Square (@Square) March 1, 2021 The bank will operate as a separate entity from Square. The firm said it received approval from The Federal Deposit Insurance Corporation (FDIC) today, a banking regulator in…
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