The Ethereum cryptocurrency has crossed the 4k mark for the first time, which is another record it has broken in
Ethereum, the second largest cryptocurrency by market cap, jumped more than 6% to just under $ 4,175. At the time of this writing, it costs $ 4111.
It has grown rapidly this year thanks toexpectations of wider use, based in part on its role in decentralized finance. Primarily platforms that facilitate lending outside the traditional banking sector.
Visa will start using cryptocurrency for transactions
Ethereum has established itself as an efficient digital currency among traders. For example, when selling NFT, non-fungible tokens, most platforms use Ethereum.
At the end of March, the Visa payment system for the first timeconducted a transaction on the Ethereum blockchain. The company transferred the USDC stablecoin pegged to the US dollar. The giant also announced the release of its own system (API) for the purchase of cryptocurrencies, which will be integrated by banks. However, they did not say if they will be using Ethereum on a permanent basis.
In addition, the price increase may be due to thethat PayPal now allows users to instantly convert their Bitcoin, Litecoin to USD with no additional transaction fees. If the merchant does not accept US dollars, PayPal will also convert those dollars to local currency at the standard rate set by PayPal.
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