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

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 Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Nodle: https://bit.ly/3AXGydJ Cuy Sheffield Twitter: https://twitter.com/cuysheffield LinkedIn: https://www.linkedin.com/in/cuy-sheffield-72082126/ NFT collection: https://tryshowtime.com/csheffield Content: Medium https://medium.com/@cuysheffield Tweets Thoughts on payroll deposits https://twitter.com/cuysheffield/status/1442571326447767554 DAOs as chaotic organizations https://twitter.com/cuysheffield/status/1441536551016534019 Visa Crypto Plays CryptoPunk purchase https://usa.visa.com/visa-everywhere/blog/bdp/2021/08/18/nfts-mark-a-1629328216374.html First smart contract on Ropsten https://ropsten.etherscan.io/address/0xadb1f7e78a3ac3d0a006961f95d96bbb0ec14326#code NFT research report https://usa.visa.com/content/dam/VCOM/regional/na/us/Solutions/documents/visa-nft-whitepaper.pdf Cross-chain Interoperability https://usa.visa.com/visa-everywhere/blog/bdp/2021/09/29/making-digital-currency-1632954547520.html https://arxiv.org/pdf/2109.12194v2.pdf Visa + USDC https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.17821.html https://www.forbes.com/sites/ninabambysheva/2021/03/29/visa-to-start-settling-transactions-with-bitcoin-partners-in-usdc/ Digital currency whitepaper https://usa.visa.com/content/dam/VCOM/regional/na/us/Solutions/documents/visa-digital-currency-overview.pdf Learn more about your ad choices. Visit megaphone.fm/adchoices