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Digital Currency Witnesses Visa support for the second time

2019-07-10 02:00 pm | Resource: News Section | No Views : 83

Digital Currency Witnesses Visa support for the second time Global credit giant Visa has made its second investment in the digital currency project by leading a $ 40 million financing round at Anchorage, according to the Fortune report on Wednesday (July 10th).
It is reported that Visa led the round along with Blockchain Capital with VC, to support Crypto Enterprise, which previously raised $ 17 million in an investment led by Andreessen Horowitz.
In the new round, the amount of Visa contribution and evaluation of your Anchorage is not disclosed, the report noted. Both Visa and Anchorage are founding members of Libra, the world-renowned social networking site Facebook, which was officially unveiled on June 18 this year and is still in the Testnet phase.
As noted by Fortune, the recent financing round is the second known investment for Visa in a company associated with the digital currency field in general, with the payment giant involved in a $ 30 million financing round in the emerging blockchain chain back in 2015 along with Nasdaq and Citi. In late 2018, a series of Lightyear company focused on Stellar was acquired.
The new funding will be used in the Anchorage mission to provide an alternative to cold storage institutions to ensure the security of customer assets. Instead, the company implements a system of multiple approvals and human reviews, as well as a biometrics-based program to provide secure storage of encrypted currencies, the report noted.
In late May this year, Anchorage filed an insurance coverage solution, opposing most guards using a combination of cold and hot storage. Claiming that the security coverage of the "digital currency" is not all equal, the company announced that it had obtained an insurance policy against crime, covering both types of digital asset storage under one policy.
In mid-June of this year, Visa-Connect, a cross-border payment network derived from some aspects of blockchain technology, launched Visa.

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