ETH News: Visa, a global payments giant, is eager to build a “muscle memory” around settlements. Visa is currently investing in a global settlement using crypto tokens and fiat currencies to make it easier to convert between digitally tokenized Dollars (USD) and traditional US Dollars (USD).
Visa and Ethereum: A Strong Blockchain Bond
StarkWare Sessions 2023 saw Visa announce that they are testing the Ethereum blockchain to accept large-value settlements. This statement can be a bullish catalyst to the second-largest cryptocurrency on the market.

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Cuy Sheffield, VP and Crypto Head at Visa, stated, “We’ve been testing ways to accept settlement payments from issuers starting on Ethereum and paying out USDC. These are large-value settlement payments.” He added that they can also convert dollars in euros across-border transactions.
The ETH Price will turn bullish?
The move by Visa fuels a bullish narrative about Ethereum, as the cryptocurrency has seen nearly 30% gains over the past month. The Ethereum (ETH) price at the time of writing is $1,629.82. It has a market capitalization $199.44 Billion, and a 24-hour trading volume of up by 30.35%. It now stands at $7,595,862,167. According to CoinMarketCap, the circulating supply of ETH is around 122,373,866 ETH.
Source – CoinMarketCap20 day EMA ($1,586). Bulls attempting to assert their dominance show the advantage to buyers. If bulls succeed, ETH prices could rally to $1,800, and it can also stretch to $2,000.
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Also read: Ethereum News: Why Ethereum Price May Break $1800 in February 2023
Disclaimer: This article does not contain investment advice.

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