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Visa is increasingly delving into the cryptocurrency space


The payments giant Visa has sent another clear message to the cryptocurrency world – as it moves closer to the cryptocurrency sector towards adoption.

In a press release, the company stated that it has struck a deal with Kansas-based First Boulevard, which targets a predominantly black American community. As part of the agreement, First Boulevard will become the first partner to experience Visa cryptocurrency offerings, which include “digital assets” held by the US cryptocurrency firm Anchorage.

Anchorage last year received approval for a national credit charter from the US banking regulator, Office of the Comptroller of the Currency.

Visa described the move as “a major first step in supporting API capabilities that help additional Visa customers access and integrate cryptocurrency features into their product offerings.”

She added that the launch would happen “later this year.”

The move comes just days after Visa sends another signal to the cryptocurrency community, indicating that it has been very open to businesses for companies with digital assets and stablecoins. CEO Alfred Kelly spoke of his company’s intention to work with exchanges and wallet providers at the end of last month, calling Bitcoin (BTC) and altcoins “digital gold.”

In a press release today, Visa Chief Product Officer Jacques Forrestle said that Visa has become “an easy bridge to cryptocurrency pools and blockchain networks” for new banks and financial service providers looking to move into the cryptocurrency space.

The company claimed that the move was part of a larger “digital currency strategy”, while Anchorage claimed that the deal was “an important step forward for the spread of digital currencies as an asset class, accessibility and inclusion in payments and financial services.”

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