Infotech

Payment: Visa wants to facilitate bitcoin exchanges



Posted on Feb 5, 2019 2021 at 16:22Updated Feb 5, 2019 2021 at 16:25

The largest bank card distributor in the world wants to establish itself in the cryptocurrency sector. Visa is testing a suite of application programming interfaces (APIs) that will allow banks to offer payment services in bitcoin and other cryptos, the U.S. payments giant said. “We set out to make Visa the bridge between digital currencies and our global network of 70 million merchants,” said Jack Forestell, product manager at Visa.

The Visa Crypto API pilot program will allow customers to “easily connect to the infrastructure provided by Visa’s partner,” the Anchorage platform. It is the first digital asset bank to benefit from the brand new status offered by the Office of the Comptroller of the Currency (OCC), the body under the direction of the US Treasury, responsible for regulating and monitoring national banks. .

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