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New Bank, Erebor, to Focus on Crypto and AI Clients
Erebor, a recently revealed virtual bank, is positioning itself as the go-to financial institution for high-growth sectors like cryptocurrency and artificial intelligence. The new entity, backed by fintech luminaries such as PayPal co-founder Peter Thiel, aims to fill the void left by the collapse of Silicon Valley Bank in March 2023.
According to a Reuters report, Palmer Luckey is a “proud investor” in Erebor.
Source: fullycrypto.com
