Visa Executive says that crypto is cool-sees a whole new class of mainstream consumers who enter space-news
Visa Executive says that crypto is cool-sees a whole new class of mainstream consumers who enter space-news
The Krypto boss of Visa sees a "completely new class" of mainstream consumers who enter the crypto room due to non-fungal tokens (NFTS). The executive F Urther says: "Crypto becomes culturally. It will be cool."
Visa manager: "Crypto becomes cultural, it will be cool"
Cuy Sheffield, visa boss for crypto, spoke during a panel discussion at the beginning of this week at the Singapore Fintech Festival about cryptocurrency.
in front of the NFT boom, said Sheffield, mainly crypto-assets attracted people who are interested in gold and finances. "In the past, when you invested in crypto, you were somehow strange," he said and explained:
crypto becomes cultural. It will be cool.
The Visa manager continued that people use crypto wallets for more reasons than before. In the past, crypto wallets were mainly used to store cryptocurrencies. Now people used them to discover new music, he described and added that they were becoming more and more a "super app" that influences the life of consumers.
In August, Sheffield was asked if he believed that NFTs would become a mainstream. "Only time will show it," he replied. "It is certain that curiosity, openness and active experimentation are the best approach when new technologies and applications come onto the market." He added:
We believe that NFTS will play an important role in the future of retail, social media, entertainment and trade.
Visa is a supporter of NFTS. The company started an NFT program to support digital artists in October. In August Visa bought an NFT from the cryptop radio collection for 165,000 US dollar in Ether. "To recognize the role that Cryptopunks have played as a historical NFT project that combines culture and trade, Visa has decided to buy Cryptopunk 7610, said Sheffield back then.
What do you think of the comments of the Visa manager? Let us know in the comment area below.
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