Visa Allows Digital Money Transactions, Bitcoin-Ethereum Value Soars

JAKARTA - Bitcoin (BTC) and Ethereum (ETH) have increased in value. Following Visa, which allows cryptocurrency to be used as a means of payment transactions on its platform.

Bitcoin prices skyrocketed in a few minutes after Reuters reported this information. Not long after, Ethereum was on the rise too. At that time, bitcoin was up by 3.78 percent and Ether was up 9.69 percent.

"The world is turning to cryptocurrency and soon there will be the giant Wall Street support needed to bring the price up to USD 75.000 in the next few months", said Edward Moya, a market analyst at Oanda.

On Monday, March 29th, Visa revealed its plans to pilot a payment option via Crypto.com and made a statement that it would need more compatible partners by the end of this year.

"Native crypto fintech wants a partner who understands their business and the factors in the complexity of the form of digital currency", said Jack Forestell, Executive Vice President and Head of Product at Visa.

Visa has teamed up with digital asset bank Anchorage to make its first USD Coin transaction this month. For information, USD Coin is a stable coin cryptocurrency whose exchange rate is based on US dollars.

Visa's move comes after major companies such as Tesla, Mastercard, Bank of New York Mellon, and others have accepted payment transactions using cryptocurrencies in recent months, as compiled from Business Insider, March 29.