The plasikkarten manufacturer Visa is involved with millions of dollars to Anchorage, a US Start-up offers Bitcoin-custody solutions for institutional investors. Thus, the company demonstrates a good nose: Custody solutions are likely to be increasingly important in the future.
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11. July 2019BTC$11.746,00 -5.18%part Facebook Twitter LinkedIn xing mail
crypto-currencies like Bitcoin, could be disrupting the financial sector fundamentally. Companies like Visa to build its business model to the realities of the financial sector, do not, therefore, be well advised to miss the new developments on the market. Because what is the lack of will of Innovation, show the development of the German Bank.
Visa invested in crypto-Start-up
The will to participate in the crypto-Revolution Visa has now proven once again. Because, as seen from the corresponding press release, the Anchorage on the 10. July has published, shows that the company with a million participation in the crypto-Custody service Anchorage.
This Visa proves a good nose:-Custody services, to provide English such as “Trustee” for Bitcoin and co. are expected to win in the future, becoming more and more important. Finally, institutional investors such as hedge funds usually have no interest in it, to store the private key of the crypto-Token on its own. To great is the danger of carelessness or Hacks lead to the total loss of the Coins. So commendable the well-known crypto-Motto Not your Keys, not your Coins may be, not everyone has the technical Know-how, Best-Practice strategies, and to store Bitcoin, Ether, Litecoin and co. in a responsible manner.
Anchorage on the pulse of time,
to have The business model of the Bitcoin custody service not only Visa seems to be convinced. Because in addition to the credit institution Blockchain Capital, one of the oldest venture capital investors in the Blockchain-Space at all a rising, in the round of financing. To Fortune Bart Stephens, Manager at Blockchain Capital, of “the most impressive business model that he has seen in seven years in the Ecosystem speaks”. What distinguishes the Anchorage of other Custodians, the flexibility of the Storage. In General, the private keys are in well secured vaults. So that you are protected sufficiently against theft. A quick accessibility to, for example, for Trading, it is not given, however.
unlike The competition, Anchorage protects its private Keys with the help of a combination of multi-signatures and biometric security measures. A Single Point of Failure, so the company no longer exists as a result.
We believe that Anchorage is the safest place to store digital Assets, after the crypto-custody has been modernized over the physical Cold Storage with advanced safety technology.
Bart Stephens
Anchorage has raised in its Series B Funding round, a total of 40 million US dollars; how much money Visa has invested, is not known.
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