Westpac VC invests in Bitcoin company Coinbasebr>
Australia’s second-largest bank Westpac has directed its venture capital fund, Reinventure Group, to invest in Coinbase, a San Fransisco-based Bitcoin startup.
“We plan to work closely with Reinventure and share insights into the use of digital currencies globally,” said Coinbase.
A representative from Westpac said that the investment would yield “key insights into the use of digital currencies and associated technologies.
Coinbase reported a major investment of $75 million from a crew of investors including BBVA Ventures, USAA Bank and the New York Stock Exchange among several others.