{"id":169700,"date":"2021-02-03T16:37:54","date_gmt":"2021-02-03T13:37:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/visa-announces-neobank-pilot-focused-on-getting-crypto-tools-to-black-community\/"},"modified":"2021-02-03T16:37:54","modified_gmt":"2021-02-03T13:37:54","slug":"visa-announces-neobank-pilot-focused-on-getting-crypto-tools-to-black-community","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/visa-announces-neobank-pilot-focused-on-getting-crypto-tools-to-black-community\/","title":{"rendered":"# Visa announces neobank pilot focused on getting crypto tools to Black community"},"content":{"rendered":"<p>&#8220;<strong># Visa announces neobank pilot focused on getting crypto tools to Black community <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZGViYjBhZTEtMjAyNS00MWJmLWJlOTQtNjRjMGM4NDQ3MzNmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Visa has teamed up with a neobank to pilot a crypto program that will allow underbanked individuals to purchase, custody, and trade digital assets.<\/p>\n<p>In an announcement today, customers at First Boulevard, a neobank \u201cbuilt for Black America,\u201d will soon be able use Visa\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication programming interfaces, or APIs, to access the benefits of trading and custodying crypto. Visa said the partnership was part of its efforts to give people using financial institutions without the infrastructure for digital assets the means to tap into crypto and blockchain.<\/p>\n<p>\u201cWith this pilot program, we want to extend the value of Visa to our neobank and financial institution clients by providing an easy bridge to crypto assets and blockchain networks,\u201d said Visa chief product officer Jack Forestell.<\/p>\n<p>According to First Boulevard CEO and president Donald Hawkins, Visa\u2019s crypto APIs will help \u201cprovide another channel for the Black community to access crypto as a new asset class,\u201d which is expected to narrow the wealth gap. Hawkins claimed that given current economic trends, the net medium income of Black families in the United States will drop to $0 by 2053.<\/p>\n<p>The First Boulevard partnership is part of a move from the financial firm to address underrepresented communities in digital businesses, banking, and FinTech. Visa <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/usa.visa.com\/visa-everywhere\/blog\/bdp\/2021\/02\/03\/black-owned-businesses-innovate-1612213458657.html\">said<\/a> it would be working with Black-focused businesses including CapWay, eatOkra, First Boulevard, OneUnited Bank and Urban One \u201cto provide financial and business services\u201d in addition to increasing education of digital payments and solutions.<\/p>\n<p>Others in the crypto space have been promoting the use of cryptocurrencies and blockchain to unbanked and underbanked individuals. <em>Bitcoin &amp; Black America<\/em> author Isaiah Jackson has called for digital assets\u00a0as a means for Black people to deal with financial oppressors in the United States.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/visa-announces-neobank-pilot-focused-on-getting-crypto-tools-to-black-community\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Visa announces neobank pilot focused on getting crypto tools to Black community &#8221; Visa has teamed up with a neobank to pilot a crypto program that will allow underbanked individuals to purchase, custody, and trade digital assets. In an announcement today, customers at First Boulevard, a neobank \u201cbuilt for Black America,\u201d will soon be&#8230;<\/p>\n","protected":false},"author":1,"featured_media":169701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvZGViYjBhZTEtMjAyNS00MWJmLWJlOTQtNjRjMGM4NDQ3MzNmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[90986,80064,77456,117],"class_list":["post-169700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-api","tag-partnership","tag-visa","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/169700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=169700"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/169700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/169701"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=169700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=169700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=169700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}