Palmer Luckey’s AI and Crypto-Focused Bank Wins Conditional Approval

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Erebor, a new tech-focused bank to serve crypto and AI customers, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to begin operations, according to a press release. The list of backers is a real who’s who of people who support President Donald Trump.

Erebor is based in Ohio and was founded by Palmer Luckey, the co-founder of military contractor Anduril and the VR headset company Oculus. Luckey, who’s worth $3.6 billion according to Forbes, first…



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Palmer Luckey’s AI and Crypto-Focused Bank Wins Conditional Approval



Erebor, a new tech-focused bank to serve crypto and AI customers, has received conditional approval from the Office of the Comptroller of the Currency (OCC) to begin operations, according to a press release. The list of backers is a real who’s who of people who support President Donald Trump.

Erebor is based in Ohio and was founded by Palmer Luckey, the co-founder of military contractor Anduril and the VR headset company Oculus. Luckey, who’s worth $3.6 billion according to Forbes, first…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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