10 Nov 202114:58

Crypto has gone from ‘weird’ to ‘cool’ thanks to NFTs, says Visa executive

Visa head of crypto Cuy Sheffield said that investing in cryptocurrency has become a lot cooler thanks to an influx of creative types drawn in by the booming nonfungible token (NFT) sector.

Sheffield was speaking on day one of the Singapore FinTech Festival on Monday. He said that a “whole new class” of mainstream users are flocking to crypto and that NFTs are attracting people with a broad range of interests, such as music, art and culture, who are “setting up crypto wallets in waves.”

“Crypto is becoming cultural, it’s becoming cool,” Sheffield said, and added that:

“It used to be that if you were investing in crypto, you were kind of weird.”