First Australian neobank partners with BTC Markets to increase speed and stability of digital asset investments

First Australian neobank partners with BTC Markets to increase speed and stability of digital asset investments
фото показано с : invezz.com

2021-9-7 15:41

Volt, the first direct Australian bank that operates exclusively online, entered into a partnership with digital currency exchange BTC Markets (BTCM) to provide the latter and its clients with improved stability, reliability, and speed of digital asset investments. This is facilitated by Volt’s banking-as-a-service (BaaS) platform. At first, BTCM will obtain integrated banking capabilities by getting access to a corporate cash management account with payment automation and notifications in real time.

BTCM clients to use their own Volt accounts

Rather than making deposits into BTCM trust accounts, the exchange’s users will have their own Volt accounts, integrated within the BTCM environment. Under the Financial Claims Scheme, the maximum protected deposit amount will be $250,000 per account holder.

Andrew Clouston, Volt Chief Customer & Partnerships Officer, said:

“We are excited to team up with another homegrown Australian fintech pioneer. BTC Markets was one of the first and remains one of the largest and most trusted digital currency exchanges in Australia. This partnership will enable BTCM to stay at the forefront of a rapidly-growing industry. We’ve been particularly interested to see digital currencies grow in popularity, credibility, and security over the past few years. We believe BTC Markets and Volt are primed to deliver safe and secure banking access to support Australians seeking to trade in digital assets.”

Providing innovation and access to banking solutions

The neobank points out that this partnership shows BaaS can enhance competition on the banking market in Australia and provide novelty and access to banking solutions for fintechs and their clients. This type of partnership sets a precedent in Australia, coming in the wake of a recent Senate inquiry, which accused conventional banks of denying cryptocurrency operators basic banking services.

Caroline Bowler, BTCM CEO, said:

“This partnership will allow BTC Markets to offer its customers even greater increases to speed, stability, and confidence when transferring funds. Increased speed will result from our customers gaining almost instant access to Australian dollars for trades through native and integrated banking solutions such as bank accounts. Greater stability will arise out of this first-of-its-kind relationship between a bank and a crypto exchange in Australia.”

According to BTCM data, 13% of Australians owned cryptocurrencies toward February 2021. The exchange’s 325,000 Australian customers have traded the equivalent of $17.1 billion in digital assets so far.

The post First Australian neobank partners with BTC Markets to increase speed and stability of digital asset investments appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

digital stability investments speed asset btc markets

Источник: invezz.com

digital stability → Результатов: 112


Фото:

Bitcoin Price Strives For Stability As Whales Take Stockpiling To A Whole New Level

Bitcoin investors with the largest holdings in Bitcoin seem to have started making a comeback after they exited in the early signs of a crash in May, a report has shown. According to Glassnode, a blockchain data and intelligence provider that generates innovative on-chain metrics and tools for digital asset stakeholders, the number of coins held […]

2021-7-9 23:21


Фото:

How The ‘Elon Effect’ Has Affected The Bitcoin Market So Far

The ongoing market bloodbath in the Crypto-industry has left many wondering how some of the highest losers, which includes Bitcoin, will survive going forward. Usually, a bear market is perceived as a regular phase for digital currencies, but since Bitcoin largely benefitted from Tesla’s support, there are valid reasons to question Bitcoin’s stability going forward. […]

2021-5-15 16:16


Фото:

Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second

The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes an average of six transactions per second (tps), with the highest […] The post Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second appeared first on Bitcoin News.

2020-12-7 23:00


Фото:

Ethereum Could Be on the Cusp of Going Parabolic as Analysts Eye Upside

Ethereum has been closely tracking Bitcoin’s price action as of late, which has primarily led it to enter a prolonged consolidation phase The cryptocurrency’s price action has favored altcoins in recent times, as the stability seen by both ETH and BTC has allowed smaller digital assets to post massive gains Where ETH trends in the near-term will likely depend on Bitcoin, but the resurgence in the DeFi trend could give rise to an Ethereum price […]

2020-11-14 22:00


Фото:

Hurry Up and Regulate Crypto, FSB Chair Urges World Leaders

The Financial Stability Board (FSB) is asking global finance ministers to step up their efforts in creating regulatory frameworks for crypto and other innovative digital payment systems. “Pressures That Can Lead to Market Fragmentation Exist” Crypto assets and their underlying blockchain technology have already disrupted the financial world to a great extent.

2020-2-20 18:20


Фото:

Amendments: Ensuring Sensible Evolution of the XRP Ledger

The XRP Ledger (XRPL) was designed to provide a robust feature set for the foundation of the digital asset XRP in addition to settling payments and exchanging digital assets of all kinds. The open source community of developers supporting innovation on XRPL continue making core improvements to the technology to ensure performance, stability, security, quality, … Continued The post Amendments: Ensuring Sensible Evolution of the XRP Ledger appeared first on Ripple.

2020-2-12 03:15


Фото:

Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA

Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital asset products and services helped by local fintechs.

2020-1-28 12:30


SonicX: Promising Blockchain and Cryptocurrency Exchange?

SonicX provides a lightning-fast transaction with improved digital signatures that enable users to conduct secure micropayments for all e-gaming and financial decentralized applications. What Is New at SonicX? Stability and Efficiency The SonicX platform operates on an efficient system of Masternodes and Supernodes for payment processing and transaction verification. With Masternodes, users can have a […]

2019-7-2 22:39


Even Bitcoin Haters See Its Significant Potential as a Reliable Store of Value

Until recently, traditional investors have long viewed gold, silver, and other precious metals as the go to source of stability when the equities markets destabilize, although the advent of digital currencies, like Bitcoin (BTC), have ignited debates as to whether or not precious metals are still relevant tools of stability during times of market turmoil.

2019-6-6 01:00


BitGo Chief Security Officer says cryptocurrency regulation should ‘absolutely’ be at state-level

The dichotomy of regulation and security are seen by some as opposing forces, and others as one that can provide unifying stability to the cryptocurrency industry. Irrespective of the views, at a juncture where scams, frauds, and misrepresentations are running rampant in the industry, regulation and security are undoubtedly a priority.

2019-5-5 19:30


Financial Stability Board Releases Crypto Asset Regulation Details Ahead of June’s G20 Summit

Digital asset regulation has become a big topic in 2019 after the rapid rise and fall in cryptocurrency prices at the end of 2017 and 2018 respectively. SEC has been on the spotlight after postponing the decision on Bitcoin ETFs, formation of regulation sandbox in Kenya to understand the technology better, China’s latest stance on […]

2019-4-13 05:34


дальше еще 63 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto ATM market to hit $2.6b by 2032, survey shows

The global crypto ATM market, worth $87.35 million in 2023, is expected to grow at an average rate of 45.7% per year, reaching $2.58 billion by 2032. The global crypto ATM market, valued at $87.35 million in 2023, is expected…

Около 260 млн игроков покинули игру Hamster Kombat

Популярная «тапалка» Hamster Kombat больше не популярна. Игроки массово покидают проект. В начале августа ежемесячное количество игроков Hamster Kombat оставляло более 300 млн человек. К ноябрю этот показатель обвалился до 40,9 млн.

Bitcoin Price Forecast: What To Expect In The Final 24 Hours Before US Election

As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year.   While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours.