This February brought a bunch of good news for the crypto market. First, Elon Musk’s Tesla revealed its plans to acquire $1.5 billion in bitcoin. Then, Visa announced the rollout of a new service that will allow Visa bank clients to buy and sell cryptocurrencies. The provider of the world's most widely-used credit cards is planning to launch a new software program later this year. The pilot program of application programming interfaces (APIs) will enable Visa users to buy digital currencies. The payment system has already reached an agreement with banks on the program integration. The main feature of the new program is the option of cryptocurrency withdrawals to digital wallets. For instance, PayPal does not permit its users to transfer their crypto assets outside of the platform. Cryptocurrencies will be held at Anchorage, the first digital asset bank in the US that was granted approval from the federal authorities. Another digital bank First Boulevard will pilot the API platform. Visa has already had successful cooperation with crypto projects by issuing credit cards for them. In the spring of 2020, the card giant filed a patent application to create a digital currency based on blockchain technology.
