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Peter ThielPayPal co-founder, joined with a group of technological investors Build a new bank focused on support of startups in industries such as cryptocurrency, artificial intelligence (AI), defense and production.
After the collapse of the Silicon Valley Bank (SVB), many startup companies lost a large financial partner. Financial times reported that this new project, called EreborHe hopes to fill that gap.
The initiative is run by Palmer Luckeywhich also faced the Anduril defense company. The Fund’s founders and co -founder Palantar Joe Lonsdale also support the plan.
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According to the Financial Times, Erebor already had Reported for national banking license through the currency supervisor officewhich supervises us the banks.
Erebor has a goal for Work with startups that support a venture that often reject traditional banks. The focus of the bank will be on the construction of technological companies in areas that larger banks can be challenging to understand or support, such as AI, crypto platforms, defense systems and industrial tools.
The leadership team will include two co -founders: Owen Rapaport, which faced the Argus S Their background combines experience in technology, banking and digital assets.
One notable feature of Erebora is his Plan to keep stablecoineCrypto currency related to the US dollar, in his balance.
Recently, Amazon has invested $ 10 billion to build data centers in North Carolina for AI and Cloud Work. What did the company say about the decision? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
