Australian Bitcoin Exchange DWVx Launches with Banking Support from Westpac
Australia-based Digital World Ventures exchange (DWVx) has launched a peer-to-peer Bitcoin brokerage through a partnership with the white-label currency exchange provider AlphaPoint. The exchange, founded by Ian Davis and James Clarke, hopes to bring a trusted and personal brand, as well as provide a state-of-the-art exchange, to Australia's Bitcoin....
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Western Australia is an under-served area as far as Bitcoin exchanges go. West Australia alone is as large as Western Europe, a region that encompasses nine countries. Despite the Internet's tendency to shrink the planet, Bitcoin is a store of value, which entails risks all its own, so the creators of Digital World Ventures, the company which is backing DWVx, believe that people in Western Australia will feel more comfortable dealing with a local exchange. To this end, they are planning to have a physical location for people to deposit cash in order to buy Bitcoin. DWVx runs on Alphapoint,....
Australian technology group Digital World Ventures (DWV) has launched a Bitcoin exchange DWVx to facilitate increased trading of cryptocurrencies at extremely low costs. The exchange has been launched through a partnership with the white label digital currency exchange platform AlphaPoint for Bitcoin enthusiasts and geeks in Western Australia. Established in 2014 by founders Ian Davies and James Clarke, Digital World Ventures has launched the Digital World Ventures Exchange with a highly competitive fee structure to increase bottom-line returns of its users. With this exchange, the....
Two of Australia's 'big four' banks, Westpac Banking Corporation and the Australia and New Zealand Banking Group, are experimenting with peer-to-peer transfers on the Ripple protocol. The news, revealed by The Australian Financial Review, follows last month's announcement that the Commonwealth Bank of Australia (CBA) - another 'big four' rival - is trialling the tech for transfers between its subsidiaries. At the time, CBA's chief information officer David Whiteing described distributed protocols as
Australia's largest banks have ended all financial support and abruptly closed down the bank accounts of at least 17 Australian Bitcoin companies, including the Australian Digital Currency Commerce Association Chairman Ron Tucker's Australian bitcoin exchange Bit Trade. "The banks had not advised any of our members. To the best of our knowledge all, or nearly all digital currency businesses have received letters from their bank, or in many cases banks, advising of the closure of their accounts. This includes at least 17, with 13 of these closed permanently," Tucker told Bitcoin Magazine.....
An Australian Bitcoin exchange operator has taken legal action against two commercial banks in the country, accusing them of discriminatory practices. Allan Flynn, a Bitcoin trader in Australia has filed a complaint against two commercial banks in the country — ANZ and Westpac — accusing both of systematic discrimination. According to a report by the Australian Financial Review, Flynn is seeking compensation to the tune of 250,000 Australian dollars (about $192,000).According to Flynn, he has been the victim of discriminatory practices with banks allegedly continuing to shut down his....