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Tech Billionaires Launch Erebor Bank to Serve Bitcoin and Crypto Startups

  • A group of tech billionaires, including Palmer Luckey, are launching Erebor Bank, a U.S. bank to serve Bitcoin and other crypto startups.
  • The bank would be backed by tech investors like Joe Lonsdale and Peter Thiel.
  • Erebor aims to provide traditional banking products and virtual currency-related services for businesses and individuals.
  • The bank will focus on serving companies in the U.S. innovation economy and individuals working or investing in those companies.

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