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OUT OF MIND » MEMBER ADVERTISING & BLOG FORUMS » CONSCIOUSNESS OF ECONOMICS » Visa Settles USDC Transaction on Ethereum, Plans Rollout to Partners

Visa Settles USDC Transaction on Ethereum, Plans Rollout to Partners

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Consciousness Of Economic

Consciousness Of Economic

Visa has processed a cryptocurrency payment directly on the Ethereum blockchain as part of a new service the payment giant plans to introduce to its partners later this year.
The move, the latest sign of increased adoption of digital currencies by the old-guard financial industry, bumped the price of bitcoin (BTC, +1.39%) and ether (ETH, +1%) roughly 5% each.
Per a press release shared with CoinDesk, Crypto.com sent a USDC (-0.07%) stablecoin transaction on Ethereum to an account at Anchorage custody under Visa’s name. Crypto.com issues “crypto-backed” Visa cards that allow its users to spend the coins in their Crypto.com wallet. 
https://www.coindesk.com/visa-uses-anchorage-to-settle-usdc-transaction-on-ethereum-in-further-crypto-push
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