Crypto exchange BTC Markets from Australia has reportedly teamed up with local neobank Volt, adding another instance of fintech banking functionalities colliding with crypto. 

Specifically, Volt – initially managed to secure a license two years ago, to function in Australia as an authorized deposit-taking institution – will reportedly offer corporate cash management accounts catering to BTC Markets users, to assist with the management of their Australian dollar funds.

Said accounts will reportedly offer to facilitate features for real-time payments on the New Payments Platform, Australia’s countrywide infrastructure dedicated to fast payments.

According to the Head of BTC Markets – Caroline Bowler – the partnership will open up a wide range of near-instant trading opportunities for their crypto customers since they are granted the freedom to “rapidly fund AUD into their BTC Markets account”. 

Bowler further remarked that in the long haul, the collaboration will reportedly also make it possible for BTC Markets users to register Volt bank accounts while still staying on the exchange. 

“It gives stability to our clients and builds out a key piece of market infrastructure, which is vital to our industry development. […] It also goes to show that innovation is alive and well within Australian financial services.”

Via her speech regarding the regulatory approach in the nation, Bowler reportedly reiterated how necessary it is to roll out proper regulations, which can offer to safeguard the investor, not at the cost of holding back innovation.

“I think our partnership with a regulated entity here in Australia goes to show it is possible”.