Visa looks to explore generative AI
Global payments platform Visa has announced plans to invest in generative artificial intelligence in addition to its crypto products.
Since the previous day, the five most-watched cryptos ( Bitcoin Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of -1.08%. Leading the way was Litecoin, whose price is now around $59.51 USD, which yielded holders a return of 1.23% from the day prior. As for the worst-performing crypto out of the Big Five, yesterday that was Bitcoin Cash; it came in at down 5.18%, which drove its price to around $263.31 USD. Only one of the coins had up days, which indicates almost the entirety of the sector as a whole moved down.
The moves in Bitcoin Cash and Ethereum were especially surprising; they were much larger than the normal daily trading range associated with the currency. Technical traders may also wish to note the following developments in price action:
Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 66% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple. The largest transaction in the cryptocurrency space yesterday, coming in at a value of $35,532,876 occurred on Bitcoin’s chain. Bitcoin continues to dominate the crypto market, with the total circulating value of its currency equal to approximately $152.71 billion US dollars. That’s about 65.62% of the value of all circulating cryptocurrencies Its dominance has been in a downtrend over the past two weeks, going between 65.62% to 67.07%.
Global payments platform Visa has announced plans to invest in generative artificial intelligence in addition to its crypto products.
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