Pay close attention to NFT Visa's continued commitment to supporting the crypto ecosystem.

Cuy Sheffield, head of cryptocurrency business at global payments giant Visa, recently received an interview with New Delhi TV (NDTV), which is the world's largest cryptocurrency advisory giant earlier this month and will continue to do so. continued. We support worldwide. Encrypted ecosystem.

“Cryptocurrency is a valuable asset” - Visa Sales Director

Indeed, Cuy Sheffield previously said: Cryptocurrency is a 'cool' asset. He explained to NDTV reporter: Compared to the past, digital profits today have attracted many financial companies. About 40% of cryptocurrency holders are willing to look to banks offering digital trading products rather than consumers of legitimate banks.

Cuy Sheffield also pointed out that the crypto field has grown over the years, through simple investments and payments for the discovery of new music and graphics. It is believed that the day mobile apps involving cryptocurrencies are integrated into the daily lives of consumers, “super apps” will emerge.

Visa is engaged in the NFT sector.

According to Cuy Sheffield, Visa is now focusing on the NFT sector. Because more and more users are embracing this dream, the field of NFT is expanding and developing rapidly. for

It is believed that inhomogeneous tokens will provide businesses with unprecedented innovative ideas, and most small and medium-sized enterprises (SMEs) will benefit. NFT allows businesses to create and sell digital products at lower prices, and those products can be delivered to consumers with digital wallets.

Cuy Sheffield, director of Crypto Business at Visa, believes that in the future, crypto currency addresses and user email addresses will become more and more valuable.

It should be noted that Visa recently purchased $ 150,000 from NFT. The company believes heterogeneous tokens will play an important role in business, sales, marketing and entertainment.

Involvement in major operations of the crypto industry

The number of cryptocurrency companies that have been involved in the world's biggest payments so far has risen to 60.

Visa previously made a $ 40 million investment in blockchain company Anchorage and also filed for a patent for fiat currency (significant) on blockchain, applicable to digital currency and other bank accounts. British pound, Japanese yen, euro.

Visa also announced that it will connect its global network of 60 million merchants to Circle Internet Financial's USDC. Visa itself does not hold digital currency, but for debit cards that choose Visa credit card, the integration of Visa and Circle allows the latter to integrate USDC software into the credit card platform. debit and submit name and receive USDC. currency trading.

Prior to forming the Circle partnership, Visa included 25 wallet cryptocurrency providers in its “Fast Track” plan. "Fast Track" is a cryptocurrency startup launched by Visa that can help Visa achieve visa certification. Debit card

Support of digital currency by the central bank

Visa also works with intermediary banks in many countries and believes that the physical benefits of all banks in the world can be digitized and that blockchain technology supports cryptocurrencies such as: Bitcoin will be an important part of the improvement. future profits.

The Visa cryptocurrency research team filed for a patent on the technology that still applies to digital currency and digital benefits announced by other banks in March of this year, allowing them to digitize funds from all the banks of the world. This patent was first filed on November 8, 2019 and has been described as a “digital asset”. Visa hopes that the creation of digital currencies and the exchange of physical currencies in tourism can be closed to the blockchain.

To look forward

Recently, as Visa's position in the cryptocurrency industry has grown significantly, the number of employees working in various cryptocurrencies has grown from a few to hundreds.

Visa not only wants to learn more about the crypto space, but also wants to better understand customers in this new market but to grow faster. Many Visa users believe that cryptocurrencies will be part of future financial development.