Specifically, Visa, in partnership with Anchorage – the first federally regulated digital bank – will allow payments through Crypto.com – one of the world’s largest crypto platforms – in USDC. As a result, the company ensures that crypto coins no longer need to use traditional currencies in their cash and settlement flows.
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This is a pilot project and is not initially applicable to money movements on individual consumer accounts.
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The announcement immediately boosted the price of crypto coins. Bitcoin, for example, rose by 6.3 percent to again exceed 58,000 dollars (49,376 euros).
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