{"id":119644,"date":"2021-04-02T18:51:43","date_gmt":"2021-04-02T18:51:43","guid":{"rendered":"https:\/\/precoinnews.com\/?p=119644"},"modified":"2021-04-02T18:51:43","modified_gmt":"2021-04-02T18:51:43","slug":"visas-usdc-integration-pushes-ether-eth-price-above-2000","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/ethereum\/visas-usdc-integration-pushes-ether-eth-price-above-2000\/","title":{"rendered":"Visa\u2019s USDC Integration Pushes Ether (ETH) Price Above $2,000"},"content":{"rendered":"

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The price of Ether (ETH) has once again surpassed the $2k price region, thanks to some bullish news in favor of the world\u2019s number one smart contracts network. At the time of writing the price of ether (ETH) is exchanging hands for $2,013.<\/strong><\/p>\n

<\/span>Ethereum Sustains Bullish Surge<\/strong><\/span><\/h2>\n

In another exciting development for hodlers of ether (ETH), the world’s second-largest cryptocurrency, the price of the digital asset has surpassed the psychological $2k area for the first time in six weeks.<\/span><\/p>\n

As seen on CoinMarketCap, a leading digital assets price aggregator, ether (ETH) has gained 3.96 percent in the past 24-hours and up by a massive 23.72 percent in the past seven days, with a market capitalization of $232.15, only dwarfed by king bitcoin’s (BTC) $1.12trillion.<\/span><\/p>\n

While the global cryptocurrency markets have been on an impressive bull run since last year, with a good number of obscure <\/span>altcoins<\/span> generating juicy returns on investment for their die-hard fans, Ether\u2019s latest surge may just be the tip of the iceberg as to what is to follow if recent developments are anything to go by.<\/span><\/p>\n

<\/span>Ethereum Marries Crypto and Traditional Finance\u00a0<\/strong><\/span><\/h2>\n

In a landmark event on March 29, 2021, a global payments processor, Visa (V) announced plans to add support for the USD Coin (USDC) stablecoin and use it to settle fiat transactions via the Ethereum network.\u00a0<\/span><\/p>\n

Notably, the project will initially make it possible for only users of Crypto.com Visa cards to make direct USDC payments (no need to convert to fiat before spending) at supported merchants. However, the payment giant has hinted that more partners will soon join the program.<\/span><\/p>\n

\n

\u201cWe see increasing demand from consumers across the world to be able to access, hold and use digital currencies and we\u2019re seeing demand from our clients to be able to build products\u00a0 that provide that access for consumers,\u201d declared Cuy Sheffield, Visa\u2019s head of crypto at the time.<\/strong><\/p>\n<\/blockquote>\n

Interestingly, fresh <\/span>reports<\/span> have it that the options markets favor the price of ether to keep increasing, as traders are seriously purchasing the $25,000 call option expiring on December 31, 2021.\u00a0<\/span><\/p>\n

What\u2019s more, with the Ethereum team working hard to <\/span>transition<\/span> to proof-of-stake (PoS)\u00a0 and also <\/span>address<\/span> the scalability and crazy gas fee issues plaguing the network, it is safe to say that the future is bright indeed for Ethereum and this could translate to more all-time-highs in the coming months.<\/span><\/p>\n

<\/span>Related posts:<\/span><\/h3>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of Ether (ETH) has once<\/p>\n","protected":false},"author":3,"featured_media":119643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"yoast_head":"\nVisa\u2019s USDC Integration Pushes Ether (ETH) Price Above $2,000 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/ethereum\/visas-usdc-integration-pushes-ether-eth-price-above-2000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Visa\u2019s USDC Integration Pushes Ether (ETH) Price Above $2,000 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"The price of Ether (ETH) has once\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/ethereum\/visas-usdc-integration-pushes-ether-eth-price-above-2000\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-02T18:51:43+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/ccryptafotoEther-Options-Hit-All-Time-High-Amidst-Rising-Institutional-Interest.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/ethereum\/visas-usdc-integration-pushes-ether-eth-price-above-2000\/\",\"url\":\"https:\/\/precoinnews.com\/ethereum\/visas-usdc-integration-pushes-ether-eth-price-above-2000\/\",\"name\":\"Visa\u2019s USDC Integration Pushes Ether (ETH) Price Above $2,000 - 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