Shocked! Visa Inc Wants To Allow Users To Make Transactions Using Crypto USDC! - Kakiforex | Forex markets for the smart money. Shocked! Visa Inc Wants To Allow Users To Make Transactions Using Crypto USDC! Shocked! Visa Inc Wants To Allow Users To Make Transactions Using Crypto USDC!

March 30, 2021

Shocked! Visa Inc Wants To Allow Users To Make Transactions Using Crypto USDC!

 Visa Inc today reported that they will allow the use of the USDC cryptocurrency to conduct transactions on its payment network. This news is big news for crypto owners and marks the acceptance of cryptocurrencies in the major financial industries.


The company also announced that it has launched a prototype project in collaboration with Crypto.com. Visa Inc at the same time also plans to offer more options this year.


Bitcoin, which is the main criterion, jumped to a one -week high following the report to the price level of $ 58,300. USDC is known as stablecoin where it is pegged to the US dollar.


The move by Visa came after financial firms such as BNY Mellon, BlackRock Inc and Mastercard Inc took steps to use the potential of cryptocurrencies for investment and payment purposes.



At the same time, Tesla Inc. CEO Elon Musk has also expressed support and allowed people to buy Tesla vehicles using Bitcoin.


According to Cuy Sheffield who is the crypto manager at Visa says that there has been a sharp increase in demand from consumers around the world to store and use crypto. That string Visa took this initiative by building a product that provides such access to consumers.


Visa will use the ethereum blochain to enable the conversion of cryptocurrencies to traditional currencies so that transactions can be completed.


The Ethereum cryptocurrency has jumped nearly 5% to the $ 1,775.33 price level.