Cryptopolitan· Hannah Collymore·· 9 hours agoAI score52
SBI Holdings to invest $100 million in Erebor Bank
SBI puts $100 million into Erebor, the Palmer Luckey-backed US digital bank
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SBI Holdings will invest $100 million in Erebor Bank in Ohio through its U.S. subsidiary, expanding its presence in the U.S. Erebor built its own banking system and records transactions on a blockchain, enabling payments to settle at any time. It also handles stablecoin deposits and withdrawals; SBI did not specify which products the two parties will develop together.
Source:Cryptopolitan · cryptopolitan.com