Cryptocurrency becomes popular day by day and amazes everyone with the latest news. Recently on Monday, Visa Inc announced a big statement that it will accept Cryptocurrency USD Coin for the settlement transactions on its payment network. There are almost every single firm starts accepting digital currency as payment. Here are amazing parts of this news.
Currently, the company launched the demo program to initiate digital currency payment mode fully operated and even it will offer this service to more partners by the end of this year. It will become a feature and engage more customers worldwide due to the easy digital payment mode avail by Visa Inc.
Recently, the US-Based electric car manufacturer firm Tesla Inc has announced to accept cryptocurrency as the payment transaction. The Tesla CEO Elon Musk has told about accepting cryptocurrency coin Dogecoin during transactions.
The above-mentioned USD Coin (USDC) is a stable coin cryptocurrency whose value is pegged directly to the U.S dollar.
After seeing these announcements and initiatives by big companies is seriously attractive and forces the popularity of cryptocurrency or digital currency. It will directly increase the use of digital currency across worldwide countries. Previously if a customer wants to pay through his cryptocurrency wallet then he must have convert digital currency into traditional money to pay a certain amount at the place.
Visa said it has initiated the partnership with digital asset bank Anchorage and completed the first transaction this month. Visa has now partnered with Crypto.com which will useful in the upcoming days.