Traditional banks are like dinosaurs—slow and outdated. Unless they undergo a radical transformation, they'll face extinction. Meanwhile, PayPal is taking a big step toward becoming more bank-like by applying for a US banking license (specifically, a Utah-chartered industrial bank charter). Here's the FT article on it:

Client Challenge

This move lets them expand small-business lending directly, offer interest-bearing savings, and tap into a friendlier regulatory vibe. Fintechs evolving while legacy players lag—classic disruption in action!

DTCC - Issuance and Wallets & Issuance and Wallets Overview

Future of Financial Services

At PrivKey, we built a simple REST proxy that lets web apps easily use Lightning Labs' Taproot Assets daemon. It adds CORS support and makes authentication much simpler.

GitHub

GitHub - privkeyio/taproot-assets-rest-gateway: REST Proxy for Taproot Assets

REST Proxy for Taproot Assets. Contribute to privkeyio/taproot-assets-rest-gateway development by creating an account on GitHub.

We recently presented in Atlanta, GA, introducing our open-source product that any financial institution, central bank, or even an entire country can adopt and use. It's nearly identical to the DTCC Issuance and Wallets Overview shown in the link above. The key differences are that it's fully decentralized, operates as a Layer 2 solution, and is secured directly by Layer 1 Bitcoin—with no humans or federated third parties involved.