Former PayPal CEO, fintech entrepreneur Bill Harris is launching digital bank Nirvana Technology (Nirvana). The organization has made the announcement in the official press statement, Bloomchain.ru reports.

Nirvana aims to simplify the finances of American households. The new digital bank wants to make servicing and pricing transparent.

“The mission is to help families progress up the credit and savings ladder while attaining a money-life balance,” said Nirvana.

At the moment, Harris is recruiting a team. He plans to hire 50 experts by the year-end. In 2022, Norvana’s staff may increase up to 200 people.

The team already includes many famous experts, including former employees of Californian startup Ripple, digital bank Marcus, financial conglomerate Goldman Sachs, as well as PayPal and many other large organizations.

According to Harris, the project has enough means to realize ongoing plans to form a team.

Bloomchain.ru also reports that former CEO of PayPal is known to crypto community for his dislike for crypto currency. According to the media, the payment system might consider issuing stable coin under the new management.

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