Source | AMB Crypto
The last few days have been very bullish for Ethereum, with the world’s largest altcoin surging on the charts to touch a new ATH past $2,100 on the 3rd of April. How did this come to be? How did ETH hike by over 25% in 5 days, especially at a time when Bitcoin is struggling to sustain a breach of its psychological resistance at $60k?
Well, the answer to that question can be found in the recent news update regarding Visa, one of the world’s biggest payments networks. According to a recent announcement, Visa will now be able to settle payments using the USDC stablecoin on the Ethereum blockchain. For the same, the firm will be using the services of Crypto.com.
What does this entail? According to Bankless’s David Hoffman,