June 30, 2015 BY Mike Fox

Westpac invests in US bitcoin start-up Coinbase

Westpac Banking Corp (NYSE:WBK) as reported early Tuesday morning from Reuters stated that its venture capital fund had invested an undisclosed sum in US based bitcoin start-up Coinbase in the first such deal by an Australian bank in the still developing digital currency. Westpac is Australia’s second largest bank by market value and said the investment would allow its…

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