"Who knows, this might be one of the factors in the price of ETH being able to rise to the level of $2,000."
Global payments giant Visa intends to invest in cryptocurrencies and fiat currencies to further increase the ease of conversion between digital assets and the United States (US) dollar.
As a result, Visa is in the process of testing various methods in achieving its objective of enabling the Ethereum (ETH) blockchain to receive large amounts of funds.
Please note that Visa's new plan is able to push the price of ETH higher.
According to Cuy Sheffield, Visa's Vice President and Crypto Head, his company is now actively testing how to accept payments in USDC through the ETH blockchain so that there are no obstacles in the future.
Explained further by him, the reform could allow an individual to convert US dollars to euros on cross-border transactions.
ETH's price movement saw a 30% jump over the past month after Visa took such action.
To date, ETH is at $1,634.35 in the past 24 hours with a market capitalization of $199 billion while its trading volume has reached almost 30.35%, and it is expected that its price will jump past the $1,800 or $2,000 zone in the near future.
