Visa had previously given signals that it will remain in the cryptocurrency world. As a last minute statement, Visa announced the roadmap of its work towards using cryptocurrencies as a means of payment.
First Boulevard, a Kansas-based digital bank founded by African-American citizens and moving its focus in this direction, will pilot APIs designed to help Visa customers integrate Bitcoin and other cryptocurrencies.
Anchorage, which became the first US national “digital asset bank” last month after the approval of a national trust agreement from the United States Currency Supervisory Office (OCC), and provides Bitcoin and crypto custody services, Visa customers' Bitcoin and other cryptocurrency assets within will hide.
Cuy Sheffield, the head of the cryptocurrency division of Visa, told Forbes, "We see cryptocurrencies more like digital gold," and "There is less demand to spend Bitcoin." said.
Sheffield's comments are in line with the statements made by Visa CEO Al Kelly last week. Speaking at the company's meeting for the first quarter of 2021, Kelly defined Bitcoin as "digital gold" and said that cryptocurrencies "are not used as an important form of payment at this point, but should be used".
