BREAKDOWN: Meet Visa's New Crypto Advisory Unit
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 December 2021
⏱️ 13 minutes
🧾️ Download transcript
Summary
The company’s latest crypto division focuses on B2B consulting in the blockchain and crypto space.
This episode is sponsored by NYDIG.
Today’s episode covers a set of topics, including:
- Visa’s new crypto advisory unit
- An AWS official is leaving for Unstoppable Domains
- AWS downtime brings up questions of decentralized infrastructure
- Saule Omarova withdraws nomination for OCC chief
- Dan Tapiero’s 10T raises a fresh $500 million
- Eric Schmidt joins ChainLink Labs as an advisor
- Ubisoft announces NFTs coming to games
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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Thinkhubstudio/iStock/Getty Images Plus, modified by CoinDesk.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | Two things that are interesting here, trends to keep your eye on. |
| 0:02.5 | The first is client demand, B2B client demand, |
| 0:06.3 | is forcing a company like Visa to stay up and even become a leader in the crypto space. |
| 0:11.4 | Visa is clearly making a bet that they can't just wait and absorb. |
| 0:15.0 | They're going to have to be proactive and carve out their space in the Web3 era starting now. |
| 0:22.2 | Welcome back to The Breakdown with me, NLW. |
| 0:26.3 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:33.5 | The breakdown is sponsored by Nidig and produced and distributed by Coindesk. |
| 0:39.9 | What's going on, guys? It is Wednesday, December 8th, and I am recording this show even as the |
| 0:45.8 | crypto hearings in the House Financial Services Committee are happening. And I had gone back and |
| 0:50.6 | forth about whether I wanted to record this show today about what was going on in |
| 0:54.4 | those meetings or wait a day to digest the full tone, tenor, specific quotes, specific questions |
| 1:00.4 | of the meaning. And I decided that it was more valuable to get the full take based on everything |
| 1:06.1 | that we had seen and all of the reflections and commentary that will come after versus just trying to speed out |
| 1:12.2 | half of an analysis. So tomorrow you will have my look at the crypto hearings in Congress right now. |
| 1:18.5 | And today, instead, I'm going to go through a bunch of interesting news from yesterday. |
| 1:22.2 | First up, Visa is, of course, no stranger to crypto. They have been working on a variety of initiatives |
| 1:28.2 | that plug in exchanges and stable coins to their system that position themselves as a leader |
| 1:33.2 | in the new central bank digital currency era. They're currently working with something like |
| 1:37.1 | 60 crypto platforms globally. They have partnerships that allow exchanges to issue cards. |
| 1:42.5 | They even this year bought a crypto punk for what was at the |
| 1:46.0 | time $150,000. Now, Kai Sheffield, whose Visa's head of crypto at the time, explained what they're |
... |
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