The cryptocurrency platform Anchorage helps integrate blockchain technology with traditional businesses.
The launch of “Build with Anchorage” Monday aims to further reduce friction between companies and crypto.
What Happened: This new offering includes API-based solutions for institutional partners. The APIs include trading, settlement, staking and custody. The offering helps companies rollout their crypto strategies from the idea stage all the way to long-term regulation aid, according to the company.
Use cases span from crypto payment gateways for fintech companies to crypto market participation for investment advisors.
Why It's Important: In the future, it is quite likely that businesses that have nothing to do with crypto or even technology will need to integrate it to stay alive. Similar to payments going online, crypto could revolutionize the way business is done.
With companies helping to advise this process, it can be much smoother process. This is not to say that all businesses must accept Bitcoin (CRYPTO: BTC) tomorrow. But 10 years from now, many if not all companies could be using blockchain technology and accepting some sort of cryptocurrency.
Resources like the APIs provided by Anchorage are can keep the more traditional businesses up to date as the world evolves around them.
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