Unchained

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

Oct 12, 2021

Cuy Sheffield, Visa’s head of crypto, shares insights from his fintech background and his journey into the cryptocurrency world. He discusses how Visa plans to bridge traditional payment systems with crypto, focusing on the integration of USDC and the importance of stablecoins. Sheffield highlights how NFTs empower artists and promote financial inclusion, particularly for underserved communities. He also addresses the evolving regulatory landscape and why enhanced diligence is essential in the crypto space.

01:13:20

Creator website

Episode guests

Cuy Sheffield

AI Chapters

Episode notes

Intro

2min

Bridging Traditional Payments and Crypto

10min

Bridging the Gap Between Cryptocurrency and Everyday Payments

4min

Navigating Crypto Payment Innovations

14min

Exploring the Fluidity of Tech and Compliance in Financial Networks

1min

Visa's Strategic Embrace of USDC in Payment Infrastructure

5min

Navigating Stablecoins: Regulation and Potential

10min

Empowering Finance: Crypto, NFTs, and Financial Inclusion

26min

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