Anchorage Digital Has Applied for a Federal Reserve Master Account

BlockBeats News, September 20th, according to Cointelegraph, the latest disclosed Federal Reserve database information shows that cryptocurrency custody unicorn company Anchorage Digital has applied for a Federal Reserve master account.

Note: A master account is the operational basis for a bank to settle transactions directly with the central bank and hold balances at the Federal Reserve. Without such access, a bank must use third-party intermediary institutions to process payments.