‘Crypto went from weird to cool because of NFTs’

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‘Crypto went from weird to cool because of NFTs’

VISA’s Head of Crypto, Cuy Sheffield, has recently indicated that he thinks crypto is suddenly cool, after it was previously seen as weird, by NFTs. He has seen a marked increase in the number of people interested in crypto.

Crypto and Visa

Cuy Sheffield says he thinks the increasing interest in crypto is mainly because the attention around non fungible tokens (NFTs) has increased so much. He also sees that more and more Visa users are getting into crypto, after they of course made it available to all Visa users some time ago.

Crypto has suddenly become cool, he says: “It used to be that if you were investing in crypto, you were kind of weird.” Visa itself is also investing in NFTs, in fact they bought CryptoPunk a few months back.

“The ability to track and leverage a digital asset in multiple environments could mean exciting new opportunities in ticketing, gaming music, art and beyond,” he also reiterates. So he himself seems to be very much into crypto, not surprising of course as Head of Crypto. “Once tokenized, rights and ownership of these assets could be transferred seamlessly, improving liquidity and efficiency. This has the potential to substantially enhance economic opportunity and inclusion” are the words with which he concluded.

So it seems clear that more and more people are getting into crypto and investing in it, when the Head of Crypto at Visa also indicates this. Anyway, we notice that more and more people are getting interested in crypto lately. This might just result in many people’s prices going up.

This could be a reason for you to also start investing in crypto, for example Bitcoin. When you buy Bitcoin from Bitvavo through this link you can trade your first €1000 transaction fee free.


Disclaimer: Trading and investing in cryptocurrencies (also called digital or virtual currencies, altcoins) involves a substantial risk of loss and is not suitable for every investor. You are solely responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.