Tesla Will Make Supercharger Network, Visa Will Allow The Use Of Cryptocurrencies To Settle Transactions
Aa
Share
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.
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.
Cooperation with Crypto.com is another signal sent by Visa that it takes the future of cryptocurrency as a means of payment very seriously.
#cryptonews: @Visa to launch #Bitcoin and #crypto cards in the UK and 40 other countries 🚀
— CoinMarketCap (@CoinMarketCap) February 16, 2023
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.
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.
Bitcoin surges 11% despite U.S. crackdown, as crypto market gains $84 billion in value https://t.co/MbkpNzGrVt
— CNBC (@CNBC) February 16, 2023
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.
WATCH: Tesla's U.S. charging network will be available to other electric vehicle brands for the first time as part of a $7.5 billion federal program to expand the use of EVs to cut carbon emissions, according to the Biden administration https://t.co/npz0Jh7wmR pic.twitter.com/l6QWJ84DYi
— Reuters Business (@ReutersBiz) February 16, 2023
