As per the announcement of Visa, it has purchased $149,000 of a CryptoPunk (one of the first non-fungible tokens on the Ethereum blockchain), a digital Non-Fungible Token (NFT) artwork containing a pixel woman with a mohawk.

The largest payment processors globally, Visa made a crystal clear statement that like credit cards and online banking before, NFTs and blockchain are the waves of the future.

Visa announced the news,

“Sixty years ago, when Visa was founded, a world beyond cash and check seemed unimaginable. Moving money instantly and electronically was a radical concept,”

The announcement further contains,

“Fast forward to the early days of the internet. Many were skeptical about the utility of the World Wide Web, and entering your credit card on a website was a leap of faith. These experiences now happen so routinely that most people take them for granted.”

Cuy Sheffield, Visa Head of Crypto stated that the firm was interested in the NFT project, expressing their provision of NFT business. Visa is ready to adapt and build infrastructure for the future of retail, social media, and entertainment, according to Sheffield.

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