Payment processing behemoth Visa has partnered with First Boulevard, an online bank focused on financial empowerment in the Black community, to test a new cryptocurrency offering for retail customers. During the test, Visa will attempt to determine how it can facilitate access to crypto assets and blockchain by financial institutions that lack purpose-built infrastructures.
The conditional approval of Anchorage’s national trust charter application “makes Anchorage Digital Bank National Association the first federally chartered digital asset bank in history,” said Anchorage CEO Nathan McCauley and President Diogo Mónica. “This is a major milestone, not only for us as an organization, but also for the crypto industry and the wider financial world. Crypto deserves a bank," they said.