Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising

Tesla Will Make Supercharger Network, Visa Will Allow The Use Of Cryptocurrencies To Settle Transactions

Tesla Will Make Supercharger Network, Visa Will Allow The Use Of Cryptocurrencies To Settle Transactions| FXMAG.COM
Aa
Share
facebook
twitter
linkedin

Table of contents

  1. In this article:
    1. Visa and crypto
      1. Highest level since mid-August 2022
        1. America electric vehicle charging network

          Cryptocurrencies are becoming more and more popular. Visa takes the future of cryptocurrency as a means of payment very seriously. Tesla is the most popular manufacturer of electric cars, but it creates stations for non-Tesla customers.

          tesla will make supercharger network visa will allow the use of cryptocurrencies to settle transactions grafika numer 1tesla will make supercharger network visa will allow the use of cryptocurrencies to settle transactions grafika numer 1

          In this article:

          • Visa and crypto
          • Highest level since mid-August 2022
          • America electric vehicle charging network

          Visa and crypto

          The implementation of cryptocurrencies into everyday life is progressing much faster. Companies and financial institutions are aware that revolution and payments are just taking place and if someone is left behind, they may suffer the consequences, e.g. bankruptcy.

          Visa, an international payment technology company, announced that it will allow the use of cryptocurrencies to settle transactions in its payment network. This is a pilot programme.

          Visa is another international financial institution that is opening up to the world of cryptocurrencies. The global leader in payment technology begins cooperation with Crypto.com. You will be able to pay with a Visa Crypto debit card without having to convert funds from digital currency to traditional.

          The payment card provider announces that it intends to make its system available to fintech companies and neobanks dealing with cryptocurrencies.

          Advertising

          Cooperation with Crypto.com is another signal sent by Visa that it takes the future of cryptocurrency as a means of payment very seriously.

          Read next: Apple Is Facing Multiple Lawsuits And Enforcement Actions| FXMAG.COM

          Highest level since mid-August 2022

          The cryptocurrency market is also very volatile. Coin prices could double before falling back to where they started, and it could all happen in one day.

          Bitcoin is the most popular currency among cryptocurrencies, which is why its movement is closely monitored.

          The price of Bitcoin on Thursday reached its highest level since mid-August 2022. Last year, nearly $1.4 trillion disappeared from the cryptocurrency market after the turmoil that brought bankruptcies, project and company failures. All this was crowned with the collapse of the large FTX exchange.

          Rising Federal Reserve interest rates to fight inflation have also weighed heavily on crypto markets. Bitcoin is also closely correlated with the stock markets, and in particular with the high-tech Nasdaq index.

          Advertising

          Bullish sentiment in risky assets was supported by the opinion that the economic slowdown may not be as bad as expected and the Fed may slow down the pace of interest rate hikes.

          Cryptocurrency markets rallied on Thursday, rejecting the US government's tougher regulatory stance.The value of the entire cryptocurrency market increased by over $84.8 billion in 24 hours.

          America electric vehicle charging network

          In late 2024, Tesla will open 3,500 new and existing Supercharger stations along highway corridors to non-Tesla customers, as part of a $7.5 billion federal program.

          The move could help Tesla become a universal "gas station" of the EV era and risk losing its competitive advantage.


          Kamila Szypuła

          Kamila Szypuła

          Writer

          Kamila has a bachelors degree in economics and a master's degree in finance and accounting, specializing in banking and financial consulting

          Follow Kamila on social media:

          Twitter | LinkedIn


          Advertising
          Advertising