VISA Doubles Down on Crypto | This Week in Crypto

Bitcoin has arrived a new is always high. On November 30, the currency raised beyond the $ 19,800 mark, breaking its previous record set in December 2017.

Visa has a Credit Card giant in partnership with Blockfi to launch a credit card that rewards consumers in Bitcoin. Consumers will receive 1.5% of their purchases back in Bitcoin and a $ 250 bonus at BTC after spending $ 3,000 or more. In a separate partnership with Circle, Visa integrates the USDC stablecoin within its network of traders. Visa will issue a credit card that allows businesses to send and receive USDC payments directly from any business using the card.

Popular audio streaming platform Spotify has posted a post opening that reveals its intention to incorporate Bitcoin and possibly other cryptocurrencies as a payment method. The successful candidate will also lead Spotify’s Facebook Libra project.

Sberbank – one of the largest financial institutions in Russia – is looking to release its own digital currency sometime in 2021. The bank is working with JPMorgan which had previously released its own virtual asset – the JPM Coin—which was unveiled back in October.

For the first time in quite some time, more digital funds do their way into American crypto exchanges than Asian ones. Data from blockchain analytics firm Chainalysis shows that the volume of crypto flowing into American trading platforms is now 7,000 times larger than it was at the start of the year.

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That’s what’s happened this week in crypto. See you next week.