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      

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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 

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• Source: https://unchainedpodcast.com/visa-is-building-infrastructure-for-nfts-smart-contracts-and-l2s-why/