Source: New York Post
Palmer Luckey’s ambitious crypto-friendly digital banking startup Erebor has received conditional approval from regulators to start operations, federal officials announced Wednesday. As The Post was first to report, Luckey, the 32-year-old tech mogul known for leading the fast-growing defense firm Anduril, is among the chief backers for Erebor – which aims to aims to provide a stable option for Silicon Valley firms and tech entrepreneurs to park their money and cryptocurrency outside traditional banks. Tech investor Joe Lonsdale of venture firm 8VC is another key backer for Erebor, as is Peter Thiel’s Founders Fund.
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