Visa Is Building Infrastructure for NFTs, Smart Contracts, and L2s. Why? - Ep.280

Unchained

Cuy Sheffield, Visa’s head of crypto, discusses Visa’s crypto game plan, stablecoin regulation, NFTs, and more. Show highlights:

Cuy’s background and his journey down the crypto rabbit hole
how Visa and cryptocurrency can coexist
why crypto companies and fintech companies are similar
what Visa is trying to solve for consumers regarding cryptocurrencies
how cross-chain payment infrastructure would work
why Visa requires enhanced diligence for crypto companies
what countries can learn from stablecoins when building CBDCs
why Visa is creating a universal payment channel for CBDCs and other cryptocurrencies
why Visa chose USDC to begin making payments with
the two main reasons why stablecoins are used (hint: it’s not for buying cups of coffee)
how cryptocurrency is changing financial education and inclusion
how crypto’s open-source ethos is helping underserved and emerging markets build financial infrastructure
why NFTs are Cuy’s favorite topic
how NFTs level the playing field for black artists (and artists in general)
why Visa purchased a CryptoPunk and how other businesses could leverage NFTs