Visa has invested $40 million in cryptocurrency startup Anchorage, a startup that secures cryptocurrency holdings for institutional investors.
Terry Angelos, who leads Visa’s efforts in financial tech, or fintech, said in a statement that Visa is interested in supporting “companies like Anchorage who are working to provide secure infrastructure to the growing ecosystem of digital assets.” He said that Anchorage “is building the foundation to support an array of new financial services.”
Visa and Anchorage are working along side in the upcoming Facebook’s Libra crypto coin.
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