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Visa, Anchorage to help banks offer crypto services

Thursday 4 February 2021 11:29 CET | News

Visa has announced it is piloting a suite of application programming interfaces (APIs) that will allow banks to offer crypto services, in partnership with Anchorage.

The Visa Crypto APIs pilot program will let clients connect into the infrastructure provided by Visa’s partner, Anchorage, a federally chartered digital asset bank, to allow their customers to buy and sell digital assets such as Bitcoin as an investment within their existing consumer experiences.

Visa envisions a product set that extends to other cryptocurrencies and stablecoins as well as other crypto services such as trading. Digital bank First Boulevard is the first bank involved in the pilot; Visa has issued a wait list for other banks.

Previously, Visa had been focused on helping crypto companies issue bank cards and has partnered with 35 crypto firms to date, but this is the first time the company has offered crypto services to banks.

Visa’s news also comes after Anchorage became an OCC-approved national crypto bank, although Visa had been working on this product with Anchorage and regulators long before the custodian’s charter was granted.


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Keywords: Visa, Anchorage, partnership, cryptocurrencies, APIs, banks, Visa Crypto Apis, product launch, Digital Asset
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: World
This article is part of category

Blockchain & Cryptocurrencies