June 22, 2021

Breaking: Visa Partners With Ethereum Based U.S. Dollar Coin [USDC]

2 min read

Visa known for its credit cards today revealed a collaboration with U.S. Dollar Coin [USDC] developed on ethereum [ETH] blockchain. This announcement comes simply couple of days after ethereum completed its much awaited ETH 2.0 upgrade. Great deals of crypto specialists are seeing this as a bullish indication for crypto market.

60 Million Merchants on Visas network to use U.S. Digital Coin [USDC]
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 established by circle web monetary and has raised over $270 Million up previously. The collaboration will permit chosen Visa credit card companies to incorporate with USDC allowing them to send out and receive payments in USDC.

It is to be kept in mind that Visa currently has 60 Million merchants onboard and this can be considered as a huge boost to the whole ethereum ecosystem raising the trustworthiness of the blockchain multifold. Ethereum 2.0 Beacon chain update simply recently went live and is prepared for to contend with similarity Visa and paypal.

From the Beacon Chain, onwards: Phase 0 introduces the proof-of-stake network with various technical additions boiling down the pike.

What you believe will be the impact on Eth Price, let us know in the remarks listed below?

The post Breaking: Visa Partners With Ethereum Based U.S. Dollar Coin [USDC] appeared first on Coingape.

This announcement comes just couple of days after ethereum completed its much waited for ETH 2.0 upgrade. The news was shared by Forbes journalist Michael Del Castillo, in his articles he pointed out the digital currency USDC is now valued at 2.9 Billion. The collaboration will permit chosen Visa charge card business to integrate with USDC allowing them to send out and receive payments in USDC.