Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Visa Joins NFT Craze, Buys A CryptoPunk For $166,000 Worth Ethereum

Visa Joins NFT Craze, Buys A CryptoPunk For $166,000 Worth Ethereum

The financial services giant Visa has joined the NFT craze by purchasing CryptoPunk digital art for 49.5 Ethereum worth around $166,000.

Visa announced on August 23rd that it had spent nearly 50 ETH for a CryptoPunk non-fungible token. Some might interpret the move as a continuing support for the cryptocurrency industry.

Visa tweeted:

“Over the last 60 years, Visa has built a collection of historic commerce artefacts—from early paper credit cards to the zip-zap machine. Today, as we enter a new era of NFT-commerce, Visa welcomes CryptoPunk #7610 to our collection.”

The purchase was made on August 18, 2021, and Visa paid 49.5 ETH for it. With today’s prices, this means that the company’s first NFT purchase cost around $166,000.

Thus, the CryptoPunk will join other “historic commerce artifacts” stored by the firm. These include paper credit cards and zip-zap machines.

Visa has also issued a comprehensive report on the merits and functions of non-fungible tokens and its future strategy.

“We think NFTs will play an important role in the future of retail, social media, entertainment, and commerce.” – reads the paper.

The company pledged to help its growing number of clients by providing the necessary infrastructure for them to “purchase, store, and leverage an NFT.”

Previously, Visa partnered with numerous companies from the digital asset sector, including Binance, Circle, Stellar, and others. It enabled each to launch credit and debit cards which customers can use for payments with cryptocurrencies.

Visa’s CEO hinted earlier this year that the firm could directly add digital asset transactions to its payment network, used by millions of people.

NFTs, on the other hand, have been among the hottest sectors of the industry in the past year. Celebrities, athletes, businesses, and brands from countless fields have tapped into the mania, launching their personal digital art collections to enhance fan engagement.

Source: Visa Joins NFT Craze, Buys A CryptoPunk For 49.5 ETH Worth $166,000 – Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
×