SAN FRANCISCO—Visa, a one-time opponent of the Bitcoin and cryptocurrency community, is fast becoming one of Bitcoin's biggest cheerleaders, according to one analysis.
After partnering with 35 various Bitcoin and cryptocurrency platforms in recent years, the credit card company has announced it plans to help banks roll out bitcoin and cryptocurrency buying and trading services with a Visa crypto software program, set to launch later this year, Forbes reported.
First Boulevard, a Kansas-based, Black-focused digital bank, will pilot the APIs, designed to help Visa bank clients integrate bitcoin and cryptocurrencies, Forbes stated.
Bitcoin and crypto custodian Anchorage, which last month became the first U.S. national "digital asset bank" after it was granted approval for a national trust charter from the U.S. Office of the Comptroller of the Currency, will hold the bitcoin and cryptocurrencies on behalf of Visa's clients, Forbes said.