As corporations like Visa and PayPal join Wall Street banks in expanding their crypto offerings, Ethereum is setting new all-time highs above $2K.
Prices began rising on Wednesday as the market was uplifted by crypto-themed April Fool’s pranks. The Teletubbies tweeted about Bitcoin to advertise their own imaginary cryptocurrency TubbyCoin, and long-term critic Peter Schiff briefly admitted that he was wrong about the cryptoasset.
While Bitcoin wasn’t fooled, Ethereum soared as the week progressed; sparking a mega rally among smart contract platforms. TRON doubled in value, EOS rose almost 50%, and BNB increased 25%.
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This Week’s Highlights
Visa and PayPal tighten crypto embrace Wall Street banks expand Bitcoin offerings Visa and PayPal tighten crypto embrace
Ethereum’s stellar performance could be credited to integrations with the biggest global payment processors.
Visa said last Monday that it will begin accepting cryptocurrency at millions of its global merchants, and will be using the Ethereum-based stablecoin US Dollar Coin (USDC),