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Australia's banks are suddenly into cryptocurrency

Wednesday, 01 Jul 2015

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Raising the stakes in digital currency race.

By Ry Crozier on Jun 30 2015 5:29PM

Westpac is upping the stakes to understand how it might interact with cryptocurrencies in future, revealing an investment in bitcoin wallet Coinbase.

The investment – the amount of which remains undisclosed – was made through Reinventure, an Australian venture capital firm whose largest source of funding is Westpac.

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