Bitcoin jumps to one-week high above $58,000

FILE PHOTO: A collection of bitcoin (virtual currency) tokens are displayed in this picture illustration

LONDON (Reuters) – Bitcoin jumped to a one-week high on Monday, rising as much as 4.5% to $58,300 and nearing a record high above $61,000 hit earlier this month.

Visa Inc said earlier it would allow the use of cryptocurrency to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.

(Reporting by Tom Wilson; Editing by Saikat Chatterjee)