{"id":120943,"date":"2021-09-06T04:45:14","date_gmt":"2021-09-06T04:45:14","guid":{"rendered":"https:\/\/fin2me.com\/?p=120943"},"modified":"2021-09-06T04:45:14","modified_gmt":"2021-09-06T04:45:14","slug":"australian-neo-bank-volt-partners-with-crypto-exchange-btc-markets","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/australian-neo-bank-volt-partners-with-crypto-exchange-btc-markets\/","title":{"rendered":"Australian neo-bank Volt partners with crypto exchange BTC Markets"},"content":{"rendered":"

Sept 6 (Reuters) – Australian neo-bank Volt said on Monday it had partnered with BTC Markets (BTCM) to provide integrated banking capabilities to the crypto-currency exchange, a first-of-its-kind deal in the country.<\/p>\n

Neo-banks rely on digital technologies to break into the banking market with low-cost offers and have been licensed in Australia in recent years to improve competition as the \u201cBig Four\u201d lenders dominate nearly 80% of the market.<\/p>\n

The Volt-BTCM partnership comes at a time of a marked shift towards online banking and payment, and which effectively led to the growth of neo-banks and other alternate financial platforms.<\/p>\n

The deal will provide BTCM, which has around 325,000 Australian customers, access to a corporate cash management account with real-time notifications and payment automation, the companies said.<\/p>\n

BTCM will invite its customers to open Volt bank accounts in the coming months for real-time trading, they said.<\/p>\n

The firms added that the total of all deposits in Volt accounts are covered by protection of up to a maximum of A$250,000 ($185,900) per account holder under the Financial Claims Scheme.<\/p>\n

Earlier this year, Australia\u2019s banking watchdog initiated stricter requirements for companies seeking banking licenses and increased scrutiny of new entrants in the market, highlighting concerns around \u201cneo-banks\u201d.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sept 6 (Reuters) – Australian neo-bank Volt said on Monday it had partnered with BTC Markets (BTCM) to provide integrated banking capabilities to the crypto-currency […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nAustralian neo-bank Volt partners with crypto exchange BTC Markets - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/australian-neo-bank-volt-partners-with-crypto-exchange-btc-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian neo-bank Volt partners with crypto exchange BTC Markets - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Sept 6 (Reuters) – Australian neo-bank Volt said on Monday it had partnered with BTC Markets (BTCM) to provide integrated banking capabilities to the crypto-currency [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/australian-neo-bank-volt-partners-with-crypto-exchange-btc-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-06T04:45:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2018\/07\/ORyNFoasaSpDLBEaHRyX.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"851\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/australian-neo-bank-volt-partners-with-crypto-exchange-btc-markets\/\",\"url\":\"https:\/\/fin2me.com\/markets\/australian-neo-bank-volt-partners-with-crypto-exchange-btc-markets\/\",\"name\":\"Australian neo-bank Volt partners with crypto exchange BTC Markets - 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