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Re:Tell HN: Do not store any funds in PayPal or use them for... by megous on Friday February 24, 2023 @10:02AM (#34925130)
Companies can provide money services without a banking license. A lot of companies do.

When I duckduck the question, even revolut has this in their FAQ: https://megous.com/dl/tmp/bbebf0d88acb54d8.png

It's possible to have a license and not use it.

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