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Australian exchange enlists PayPal as banks ‘close ranks’ against crypto

Published 08/24/2023, 09:54 PM
Updated 08/25/2023, 12:00 AM
PYPL
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The CEO of Australian crypto exchange Independent Reserve says it has turned to payments giant PayPal (NASDAQ:PYPL) to hedge against increasing bank restrictions against crypto exchange payments.

The exchange has partnered with PayPal to enable an on-ramp that will give Independent Reserve’s customers the ability to fund their crypto accounts directly with fiat from their PayPal wallet as well as using PayPal to withdraw funds from the crypto exchange.

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