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

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 12 October 2021

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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

Transcript

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0:00.0	Unchained has expanded beyond podcasts.
0:02.7	We now offer crypto news, tutorials, and everything you need to know about Web 3, and videos
0:07.5	to help deepen your crypto knowledge.
0:09.6	Visit UnchainedCrypto.com today.
0:12.0	Hi, all.
0:13.5	A quick note before we begin.
0:15.6	As you may recall, I am now writing a blog on Medium.
0:18.5	This week I have a post-up on my interview with today's guest, Kai Sheffield of Visa.
0:23.5	And there you can see some of the NFTs that Visa has bought and get some other highlights
0:27.1	from our discussion.
0:29.2	To medium.com, slash at Laura Shin to check out the post and to share it with your friends.
0:34.3	Again, the URL is medium.com slash at Laura Shin, and be sure to follow me there.
0:40.2	And if you're wondering who the BTC candle winners are from our survey, we will announce
0:45.1	those on Friday.
0:46.7	And now onto the show.
0:48.7	Hi, everyone.
0:49.7	Welcome to Unchained, your new hype resource for all things crypto.
0:55.7	I'm your host, Laura Shin, a journalist with over two decades of experience.
0:59.7	I started Kevin Crypto six years ago, and as a senior editor at Forbes, was the first
1:04.0	mainstream media reporter to cover cryptocurrency full-time.
1:07.1	This is the October 12th, 2021 episode of Unchained.
1:10.9	My book, The Cryptopians, Idealism Breathe Lies and the Making of the First Big Cryptocurrency
	...

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