On Thursday VISA announced a partnership with First Boulevard to pilot its new suite of crypto APIs, according to Businesswire. The APIs will enable Visa customers to purchase, store, and trade digital assets held by Anchorage, a federally chartered digital asset bank.
- The pilot will be the first key step towards supporting API capabilities that help additional Visa clients access and integrate crypto features into their product offering.
- The development of crypto APIs marks the next phase of Visa’s digital currency strategy, expanding the company’s role as a network-of-networks.
- Visa aims to help financial institutions lacking their own digital currency infrastructure to use its platform to tap into the world of crypto assets and blockchain networks.
- First Boulevard is also set to launch its first Visa Debit card offering digital-first features, including early access to wages, cashback, financial education, and budgeting tools.
Visa stock is currently gaining. V: NYSE is up 0.74% on premarket.
