[Bitcoin Now] Surpasses 70 Million Won... Impact of Visa Coin Payment Introduction
[Asia Economy Reporter Hyungsoo Park] The leading cryptocurrency Bitcoin has surpassed 70 million KRW. The news that the credit card company Visa is introducing cryptocurrency payments appears to have acted as a positive factor.
According to the domestic cryptocurrency exchange Upbit, as of 6:41 PM on the 30th, Bitcoin recorded 70.28 million KRW, up 2.28% compared to the previous day.
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The news that Visa is introducing cryptocurrency payments seems to have influenced the price of Bitcoin. According to Bloomberg on the 29th (local time), Visa announced that it is piloting a transaction system using 'stablecoins,' cryptocurrencies pegged to fiat currency value. Visa explained that, with the help of Anchorage, a cryptocurrency-specialized bank, it transferred stablecoins to Visa's Ethereum wallet. Previously, Visa had partnered with cryptocurrency wallet companies such as BlockFi and Fold to enable cryptocurrency payments.
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