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Visa vice president says NFT has strong potential

Visa vice president says NFT has strong potential

At the Financial Technology Festival underway in Singapore, Cuy Sheffield, Visa Vice President managing the Crypto segment, said the NFT has marked the new era for virtual currency development. He believes the growing popularity of this type of cryptocurrency is due to massive attention from famous artists. These include musicians, artists, designers, and other celebrities. He also highlighted the sector's rapid growth and that there is a whole new customer segment entering the cryptocurrency industry compared to previous years.

“Cryptocurrencies keep influencing the culture more and more; they are becoming cool. Meanwhile, previously, people who invested in cryptocurrencies were considered weird.”

Cuy sees great promise in bringing the GameFi entertainment sector together with the NFT market to create synergies. He believes that the future of cryptocurrency wallets will include a significant expansion of their functionality and will cease to be just a tool for storing digital assets.

The Singapore Financial Technology Festival is the largest annual FinTech event in the world. Participants include well-known companies such as Microsoft, Visa, Mastercard, and Tencent.

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