Visa known for its credit cards today announced a partnership with U.S. Dollar Coin [USDC] built on ethereum [ETH] blockchain. This announcement comes just few days after ethereum completed its much awaited ETH 2.0 update. Many crypto experts are seeing this as a bullish sign for crypto industry.
The news was shared by Forbes journalist Michael Del Castillo, in his articles he mentioned the digital currency USDC is now valued at 2.9 Billion. The digital currency was developed by circle internet financial and has raised over $270 Million so far. The partnership will allow selected Visa credit card issuers to integrate with USDC allowing them to send and receive payments in USDC.
It is to be noted that Visa currently has 60 Million merchants onboard and this can be seen as a huge boost to the entire ethereum ecosystem raising the credibility of the blockchain multifold. Ethereum 2.0 Beacon chain update recently went live and is expected to compete with likes of Visa and paypal.
From the Beacon Chain, onwards: Phase 0 launches the proof-of-stake network with multiple technical additions coming down the pike.
What you think will be the impact on Eth Price, let us know in the comments below?
VanEck has formally registered its VanEck Lido Staked Ethereum ETF in Delaware. If approved, this…
Federal Reserve Bank of Dallas President Lorie Logan is the latest Fed official to share…
Australia’s Fitell Corporation has purchased 216.8 million PUMP tokens for $1.5 million. The Nasdaq-listed company…
FG Nexus has announced that it will allow shareholders to convert common stock into tokenized…
JPMorgan says Bitcoin (BTC) is undervalued compared to gold and could rise to $165,000, giving…
Derivatives exchange CME Group has announced plans to begin offering 247/7 crypto futures and options…