jumped currency composition of the day by more than 4% after the announcement of Visa ( ) ( NYSE: the V ) acceptance of settlements in the currency composition of the Aathrem its own network.
The Crypto.com beta program will allow the sending of the Coin Dollars to Visa to settle a share of the liabilities on Crypto.com in partnership with Anchorage, a federal digital asset bank. It completed its first transaction this month by sending Crypto.com $ Coins via Ethereum networks in Anchorage.
Visa said it aims to make digital currencies more useful, secure and with greater applications in payments in light of the boom in digital currencies. Bitcoin rose strongly to the level of $ 58K. And earlier this month, the digital currency rose to $ 61,000.
Visa spent the past year building a cryptocurrency corridor and settling transactions across the company's existing infrastructure, and the platform moves billions of dollars every day across thousands of organizations in 200 global markets in 160 countries.
"Today's announcement marks an achievement in our ability to identify the needs for financial technology and to exploit stable or cryptocurrency digital currencies in our business model," said CEO of the company, Jack Forrestell.
“We have seen record-breaking growth in our business and in the cryptocurrency environment over the past year,” said Chris Marszlick, founder of Crypto.com. “This continues to accelerate transactions for digital currencies, and we need partners who understand the nature of the opportunity and the tools that will help us achieve the goal quickly and efficiently.”
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