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<ul><li>ETH rose after Visa announced it was testing big USDC settlement payments on the Ethereum network.</li><li>Visa&#39;s move boosts Ethereum, which has enjoyed 30% gains in the past month.</li></ul><h2 id="header-0">After Visa revealed that it has been testing accepting large value settlement payments in USDC on the Ethereum blockchain, the price of ETH increased.</h2><p>Visa, a leader in global payments, is eager to develop &#34;muscle memory&#34; for settlements. Visa is now investing on a global settlement with cryptocurrency tokens and fiat currencies with the goal of improving the simplicity of conversion between digitally tokenized Dollars and conventional US Dollars.</p><h3 id="ethereum-and-visa-a-stable-blockchain-partnership">Ethereum and Visa: A Stable Blockchain Partnership</h3><p>Visa revealed that they are testing out how to accept large-value settlements on the Ethereum blockchain at StarkWare Sessions 2023. This claim has the potential to boost the price of the second-largest cryptocurrency on the market.</p><p>&#34;We&#39;ve been testing how to actually receive settlement payments from issuers in USDC starting on Ethereum and paying out in <a href="https://www.coingabbar.com/en/crypto-currency/usd-coin-usdc-prices-usd" rel="noopener noreferrer nofollow">USDC</a>,&#34; said Cuy Sheffield, VP and Head of Crypto at Visa. Therefore, these settlement payouts are substantial. He continued, &#34;We should be able to convert between digital tokenized dollars and traditional dollars in the same manner that we can convert between dollars in euros on a cross-border transaction.&#34;</p><h4>Will the price of Ethereum turn bullish?</h4><p>The action by Visa supports a positive narrative for Ethereum, which has seen increases of around 30% for holders over the previous month. The price of <a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" rel="noopener noreferrer nofollow">Ethereum </a>(ETH) is $1,648 at the time of writing, with a market size of $198 billion and a 31% increase in 24-hour trading volume. It is currently $7,595,862,167. At the same moment, according to the cryptocurrency market tracker CoinGabbar, there are about 122,373,866 ETH in circulation.</p><p>The advantage for buyers is represented by the 20-day EMA ($1,586) with bulls looking to assert their supremacy. If bulls are successful, the price of ETH may increase to $1,800 and even reach $2,000 if they are successful.</p><p></p>

Visa's Ethereum Push: Bullish Catalyst?

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