Visa to Start Accepting Cryptocurrency Payments in Its Network
Cryptocurrencies received a fresh shot of legitimacy Monday, on the announcement that Visa (NYSE: V) will start accepting them for payment settlements in its network. Specifically, Visa will allow for payments with USD Coin (CRYPTO: USDC) through the Ethereum blockchain.
USD Coin is a so-called "stablecoin," meaning a cryptocurrency pegged to a more traditional financial asset -- in this case, the value of the U.S. dollar. Bitcoin, by far the most popular cryptocurrency, is nevertheless not a stablecoin.
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Source Fool.com
