It's a common misconception that Bitcoin and the legacy payment processors like Visa and PayPal are on opposite sides of a battle for the monetary future. Indeed, to realize the full potential of Bitcoin, it will require a "layered" approach. While the first "layer" of the Bitcoin monetary network consists of its battle-tested blockchain, other layers can be built on top of that sturdy foundation to make previously impractical monetary and economic applications a reality. This layered approach can be compared to the modern internet and the underlying TCP/IP protocol.

| less than a minute read
Legacy payment systems flip from fighting Bitcoin to fighting over it
Bitcoin and crypto custodian Anchorage, last month becoming the first U.S. national "digital asset bank" after it was granted approval for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), will hold the bitcoin and cryptocurrencies on behalf of Visa's clients.