According to its banking charter application, Erebor’s target market will be businesses that are part of the US “innovation economy” — particularly tech companies focused on cryptocurrencies, artificial intelligence, defence and manufacturing. It will also serve individuals who work for, or invest in, these companies.
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US approves new bank backed by billionaires with ties to Trump
Erebor “getting approval so fast is a reflection of its extremely conservative business plan”, the person close to the launch said. The person added that Erebor was not going to...
