Crypto-Focused Bank Backed by Tech Billionaires Including Peter Thiel Files for Charter: Report
10 Articles
10 Articles
Right-wing investor to challenge traditional banking with national crypto bank
A challenger to traditional banking has finally emerged, and it is coming from the right wing.After billionaire Palmer Luckey was reported to be starting a cryptocurrency venture, it was unclear how big the scope would be and if it would work only in digital currencies.Now that public filings have emerged, the new project was revealed to have major conservative backing while literally giving traditional banks a run for their money.'The bank will…
Erebor's charter bid rides wave of fintech-friendly policy
Backed by tech billionaires, crypto-focused digital startup bank Erebor's timely application reflects the current administration's openness to new tech-driven banking models — and raises concerns about regulatory impartiality, considering its backers' political ties.
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