Visa Now Helping Banks Offer Bitcoin Services
Plus Michael Saylor's "Bitcoin for Corporations" kicks off
Happy Humpday, Blockfolians
Here’s one for the “institutional adoption” files. Visa, in partnership with Anchorage, will be offering banks the ability to offer crypto services to their customers via API.
Over the last year, there have been major changes in official US policy on how banks are allowed to interface with crypto. As a result, banks are now scrambling to figure out how to offer things like buying and selling digital assets to customers that are going elsewhere for that set of financial services.
This new offering shows that its not just new players but big established actors that are racing to help banks with those offerings. Expect the competition in this space to do nothing but heat up.
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The movements are merging.