Australian crypto exchange Independent Reserve has partnered with PayPal to offer customers the ability to fund their crypto accounts directly with fiat from their PayPal wallet and withdraw funds from the exchange. This move is in response to increasing bank restrictions against crypto exchange payments, with at least five major Australian banks introducing limitations and blocks on customers looking to deposit and withdraw crypto.
Independent Reserve CEO Adrian Przelozny praised PayPal for choosing to approach the crypto sector positively, noting that this was the first example of a partnership between PayPal and a cryptocurrency exchange in the APAC region.
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