• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Visa

Visa Push On Ethereum Could Boost The Altcoin In This Level

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to Coingecko data, Ethereum is the second most popular cryptocurrency with a market valuation of $197 billion. As a result, the Ethereum network became popular with DeFi, as the largest protocols were constructed on top of it. This piqued the interest of digital payments giant Visa, which recently announced its support for Ethereum as a payment settlement method.

The move could set up another rally for Ethereum (ETH) which, at the time of writing, is up nearly 30% in the monthly time frame, based on data today, January 7th. 

Related Reading: FTX To US Politicians: Give Us Back The Money, Or Else…

Ethereum To Be The Backbone Of Visa Crypto Venture

At StarkWare 2023, Visa’s VP and Crypto Head Cuy Sheffield announced the company’s testing of large transactions using the Ethereum blockchain. VisaNet, the company’s electronic payment network, is tied to Society of Worldwide Interbank Financial Telecommunication which is more commonly known as SWIFT. 

This makes the system extremely efficient, with the network easily able to handle over 1,500-2,000 transactions per second. However, its interconnectedness with SWIFT has also limited the network’s ability to operate in the frequency that the company wants. 

EthereumImage: Coinpedia

Sheffield said in the event that the company is testing how to accept payments in the form of stablecoins in the Ethereum network with the stablecoin of choice being USDC, the fifth largest cryptocurrency in terms of market cap. 

This integration of blockchain technology alongside traditional finance tools can boost Visa’s vision of a cashless society. 

At $1.6K, Will This Lead To Higher Highs? 

As of writing, the bullish news for Ethereum has not reflected in the market at all with the prized altcoin continuing to ride the bearish wave. With its high correlation with Bitcoin and the current pain the top crypto is experiencing, we can expect the coin to perform worse in the short to medium term. 

The current bearishness Ethereum is showing can lead to the bears testing the current support at $1,593, a crucial support that could lead to more long term pain if broken.

Even though the altcoin is considered by many to be a solid investment to diversify a cryptocurrency portfolio, the current slowdown of Ethereum has made it harder for investors to be optimistic of the long term prospect of the altcoin. 

ETH total market cap at $199 billion on the daily chart | Chart: TradingView.com
Related Reading: Bitcoin Addiction: Spanish Rehab Center Offers Mental Counseling For Crypto Depression

With this in mind, investors and traders should be cautious of the current situation of ETH. However, Visa’s continuing usage of the Ethereum network could bring spotlight on the altcoin, further solidifying the token’s position as the top crypto asset in the market. 

If the $1.5k support holds, we can expect a bullish climb in the medium to long term as more developments from Visa unfold.

Featured image from Livecoins

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

emirates-crypto-pay-xrp-billets-avion-2026

Crypto et aviation : Emirates choisit le XRP pour 2026

14 minutes ago
DeepSeek AI Predicts $5 Target for XRP in 2025 – Here’s Why $BEST Could Be the Real Winner

DeepSeek AI Predicts $5 Target for XRP in 2025 – Here’s Why $BEST Could Be the Real Winner

18 minutes ago
Crypto, Crypto exchange, Bybit, stablecoin

Insufficient Stablecoin Supervision? Nobel Economics Laureate Warns Of Potential Financial Crisis

4 hours ago
Gemini

Crypto Exchange Gemini Sets Sights On $2.3 Billion Valuation As IPO Approaches

5 hours ago
fortune-crypto-chatgpt5-x1000

Faire fortune en crypto ? ChatGPT 5 relance le x1000

12 hours ago
acheter-token6900-avant-claim

Dernières 24h pour acheter TOKEN6900 avant le claim !

13 hours ago

Premium Sponsors

Press Releases

  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    14 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    15 hours ago
  • From Institutional to Individual Investors: How XRP and...

    15 hours ago
  • Despite XRP price fluctuations, Mint Miner lets holders...

    16 hours ago
  • CryptoMiningFirm Launches First XRP, BTC Mobile App: Earn...

    18 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.