{"id":14274,"date":"2021-11-13T22:54:04","date_gmt":"2021-11-13T22:54:04","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/visa-executive-says-crypto-is-becoming-cool-sees-whole-new-class-of-mainstream-consumers-entering-the-space\/"},"modified":"2021-11-13T22:54:04","modified_gmt":"2021-11-13T22:54:04","slug":"visa-executive-says-crypto-is-becoming-cool-sees-whole-new-class-of-mainstream-consumers-entering-the-space","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/visa-executive-says-crypto-is-becoming-cool-sees-whole-new-class-of-mainstream-consumers-entering-the-space\/","title":{"rendered":"Visa Executive Says Crypto Is \u2018Becoming Cool\u2019 \u2014 Sees Whole New Class of Mainstream Consumers Entering the Space"},"content":{"rendered":"

Visa\u2019s head of crypto sees a \u201cwhole new class\u201d of mainstream consumers entering the crypto space due to non-fungible tokens (NFTs). The executive f<\/strong>urther says: \u201cCrypto is becoming cultural. It\u2019s becoming cool.\u201d<\/strong><\/p>\n

Visa\u2019s Executive: \u2018Crypto Is Becoming Cultural, It\u2019s Becoming Cool\u2019<\/h2>\n

Cuy Sheffield, Visa\u2019s head of crypto, talked about cryptocurrency during a panel discussion early this week at the Singapore Fintech Festival.<\/p>\n

He explained<\/a> that a \u201cwhole new class\u201d of mainstream consumers are entering the crypto space because of non-fungible tokens (NFTs). The Visa executive added that people who are interested in art, music, or culture are \u201csetting up crypto wallets in waves,\u201d noting that they are excited to create their own NFTs and support other creators.<\/p>\n

Before the NFT boom, Sheffield said crypto assets mainly attracted people who are interested in gold and finance. \u201cIt used to be that if you were investing in crypto, you were kind of weird,\u201d he opined, elaborating:<\/p>\n

Crypto is becoming cultural. It\u2019s becoming cool.<\/p>\n

The Visa executive further explained that people are now using crypto wallets for more reasons than they used to. Previously, crypto wallets were mainly used to store cryptocurrencies. Now people are using them to discover new music, he described, adding that they are increasingly becoming more of a \u201csuper app\u201d that influences consumers\u2019 life.<\/p>\n

In August, Sheffield was asked whether he thought NFTs will go mainstream. \u201cOnly time will tell,\u201d he replied. \u201cWhat\u2019s certain is that curiosity, an open mind, and active experimentation are the best approach when new technologies and use cases come on the scene.\u201d He added:<\/p>\n

We think NFTs will play an important role in the future of retail, social media, entertainment, and commerce.<\/p>\n

Visa has been a supporter of NFTs. The company launched <\/a>an NFT program to support digital artists in October. In August, Visa purchased <\/a>an NFT from the Cryptopunk collection for $165K in ether. \u201cTo recognize the role that Cryptopunks have played as an historic NFT project, bridging culture and commerce, Visa has decided to purchase Cryptopunk 7610, Sheffield said at the time.<\/p>\n

What do you think about the Visa executive\u2019s comments? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Cuy Sheffield, mainstream consumers, Mainstream Investors, nft, nft crypto mainstream, NFTs, Non-fungible tokens, VISA, visa crypto, visa head of crypto<\/p>\n","protected":false},"excerpt":{"rendered":"

Visa\u2019s head of crypto sees a \u201cwhole new class\u201d of mainstream consumers entering the crypto space due to non-fungible tokens (NFTs). The executive further says: \u201cCrypto is becoming cultural. It\u2019s becoming cool.\u201d Visa\u2019s Executive: \u2018Crypto Is Becoming Cultural, It\u2019s Becoming Cool\u2019 Cuy Sheffield, Visa\u2019s head of crypto, talked about cryptocurrency during a panel discussion early…<\/p>\n","protected":false},"author":0,"featured_media":14275,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14274"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14274"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14275"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}