The global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments.
Cuy Sheffield, Visa’s head of cryptocurrency, announced a new cryptocurrency-related project on Twitter on April 24. developed by the company.
Visa’s Upcoming Crypto Product Is Designed To Drive Widespread Adoption Of Public Blockchain Networks And Stablecoin PaymentsSheffield noted.
We have an ambitious crypto product roadmap @Visa and just opened a few reqs for senior software engineers to help us drive mainstream adoption of public blockchain networks and stablecoin payments. https://t.co/UQRJNcOJtB
— Cuy Sheffield (@cuysheffield) April 24, 2023
We have an ambitious crypto product roadmap at @Visa and have just opened a few applications for senior software engineers to help us drive widespread adoption of public blockchain and stablecoin payments networks.
According to a Visa job posting posted on April 20, The company’s cryptocurrency division is building the “next generation of products” to make digital commerce easier for everyday life.
To develop the product, Visa seeks to hire software engineers focused on programming and backend systems of Web3 technologies.
“Particularly we are interested in applicants having experience using Github Copilot and other AI-aided engineering tools to write and debug smart contracts,” Sheffield wrote on Twitter.
Among applicants’ preferred qualifications, Visa listed a good understanding of Layer 1 and Layer 2 solutions along with experience writing smart contracts using the Solidity programming language. Introduced specifically for the Ethereum network, Solidity is used to create smart contracts on blockchain platforms and generate a chain of transaction records on the blockchain system.
The role also requires a good understanding of public and permissioned distributed ledger networks, security protocols, private key escrow, as well as new Ethereum enhancements such as ERC-4337.
Visa, one of the world’s largest payments companies, made a big move into the cryptocurrency industry in 2020, partnering with blockchain firm Circle to support the USD Coin (USDC) stablecoin on certain credit cards. The firm has been gradually expanding its cryptocurrency offering, but halted some new industry partnerships due to the 2022 cryptocurrency bear market and major industry crashes like Celsius and FTX.
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