Bitcoin jumps as Visa is reportedly said to allow payment settlements using cryptocurrency

0
64
A collection of bitcoin tokens sit in this arranged photograph in London, U.K., on Wednesday, Jan. 4, 2017. The electronic coin that trades and is regulated like oil and gold surged 79 percent since the start of 2016 to $778, its highest level since early 2014. Photographer: Chris Ratcliffe/Bloomberg

Forex.com: Visa is said that on Monday, it will allow the use of cryptocurrency USD Coin to settle transactions on its payment network. The report headline may be a bit of a stretch since this actually only covers USDC.

However, Visa’s acceptance of the stablecoin in general – this one is pegged to the US dollar and runs on Ethereum and Algorand blockchain – is a positive sign for the rest of the cryptocurrency industry at least.
Bitcoin has jumped from $56,250 to just above $57,000 on the headlines

 

Hits: 28