With a new project, Visa dives into the world of stablecoin payments.
Visa, the world's second-largest card payment organization, is making waves in the crypto realm with a new initiative aimed at encouraging the adoption of public blockchain networks and stablecoin payments.
Visa's head of crypto, Cuy Sheffield, used Twitter to reveal the company's new project. In its tweet, Sheffield noted that Visa has "an ambitious crypto product roadmap."
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According to April 20th, Visa's job posting crypto division is working on a groundbreaking product that should ease digital commerce.
To bring this product to life, Visa is on the hunt for software engineers with a focus on programming, backend systems, and Web3 technologies.
When talking about the open positions, Cuy Sheffield noted:
Particularly interested in experience using Github Copilot and other AI-assisted engineering tools to write and debug smart contracts.
Based on the job position, ideal applicants will have a solid grasp of Layer-1 and Layer-2 solutions, experience writing smart contracts using Solidity, and familiarity with public and permissioned distributed ledger networks.
Additionally, Visa also asks applicants to have knowledge of security protocols, private key custody, and new Ethereum enhancements like ERC-4337.
Visa has been progressively expanding its crypto offerings since partnering with Circle in 2020 to support the USD Coin (USDC) on select credit cards. However, the company paused some of its new partnerships due to the 2022 crypto bear market and major industry setbacks like the collapse of Celsius and FTX.
However, it seems that the recent increase in crypto prices has allowed Visa to start considering new crypto-related projects.
Visa's groundbreaking project demonstrates the company's commitment to embracing the cryptocurrency sector and its potential to revolutionize the world of digital commerce.
