Bankless 93 - Crypto Payments and the DeFi Mullet | Visa's Cuy Sheffield and Anchorage's Diogo Mónica
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Nov 22, 2021 
Cuy Sheffield, Head of Crypto at Visa, and Diogo Mónica, Co-founder of Anchorage Digital, share insights on the evolution of crypto in finance. They discuss the 'DeFi mullet' concept and how traditional finance is integrating cryptocurrency for innovative payment solutions. Unlocking the potential of stablecoins and instant payments is a focal point. They also dive into Visa's venture into NFTs and the transformative role of blockchain in global transactions. Their conversation highlights the exciting future of fintech and cryptocurrency collaboration.
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Crypto Banks & Fintech Convergence
- Crypto exchanges are evolving beyond trading, becoming more like fintechs, offering various financial services.
- Fintech companies are increasingly integrating crypto, blurring the lines between traditional finance and the crypto world.
The DeFi Mullet: Fintech's Crypto Integration
- Fintechs benefit from crypto integration by increasing user engagement and generating revenue.
- Crypto adds a 'coolness factor' for fintechs, attracting users and boosting market capitalization.
Volatility as Engagement Driver
- Crypto's volatility, once seen as a drawback, now drives user engagement in fintech apps.
- Users frequently check crypto prices, creating more opportunities for fintechs to offer other products.