Visa Launches Cryptocurrency API Pilot Program

Visa has announced the upcoming launch of a new cryptocurrency API pilot program and will partner with First Boulevard on validating the new resources. The new APIs will allow developers to purchase, trade, and custody cryptocurrencies via Visa’s trading partner Anchorage.

First Boulevard is a neobank that is dedicated to serving black communities in the United States and through this partnership with Visa it hopes to unlock new avenues for wealth generation. Donald Hawkins, president, and chief executive officer for First Boulevard stated that:

"We are thrilled to partner with the leader in digital payments, Visa, and leverage their crypto APIs to provide another channel for the Black community to access crypto as a new asset class that can help build Black wealth.”

Anchorage, Visa’s trading partner, also sees a significant opportunity in this collaboration. Diogo Monica, Anchorage’s president, and co-founder, spoke to the value of this pilot program:

“Visa’s crypto APIs pilot program is a significant step forward both for the proliferation of crypto as an asset class and for accessibility and inclusion in payments and financial services.”

Be sure to read the next Banking article: Deutsche Bank Accelerates SWIFT via Real-Time API