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SBI Holdings announced plans to invest in digital bank Erebor Bank through its U.S. subsidiary 100000000 USD, and explore broader cooperation. Erebor supports stablecoin deposits and withdrawals.
SBI Holdings announced that it will invest in U.S. digital bank Erebor Bank through its U.S. subsidiary 100000000 USD, to strengthen its U.S. business foundation and explore subsequent cooperation.
Block plans to promote the transformation of Cash App into a comprehensive digital bank, adding products such as stocks,ETF, Bitcoin trading, short-term loans, high-yield savings, and customized debit cards.Cash App 9400000 users use it as their primary banking service, but it still faces stagnant growth and compliance pressure.
UK digital bank Revolut experienced a service disruption, affecting some app functions and in-store payments with physical cards. The company said its engineering team is restoring full service.