Visa reveals plans for a ambitious cryptocurrency offering.
Visa’s next crypto offering is intended to push public blockchain networks and stablecoin payments into the mainstream.
With a new effort focusing on stablecoin payments, global payment giant Visa continues to investigate the benefits of the cryptocurrency business.
With a new effort focusing on stablecoin payments, global payment giant Visa continues to investigate the benefits of the cryptocurrency business.
Sheffield stated that Visa’s next crypto offering is intended to accelerate broad use of public blockchain networks and stablecoin payments.
According to a job posting released by Visa on April 20, the company’s crypto business is developing the next generation of products to simplify everyday digital commerce.
Visa is looking for software engineers who specialise in programming, backend systems, and Web3 technologies to help develop the product.
Sheffield stated on Twitter that he is particularly interested in expertise using Github Copilot and other AI-assisted engineering tools for writing and debugging smart contracts.
Visa highlighted a thorough understanding of layer 1 and layer 2 solutions, as well as expertise building smart contracts in the programming language Solidity, as desired application qualities. Solidity, which was created exclusively for the Ethereum Network, is used to establish smart contracts on blockchain platforms and generate a chain of transaction records in the blockchain system.
The position also necessitates a thorough understanding of public and permissioned distributed ledger networks, security protocols, private key custody, and future Ethereum additions such as ERC-4337.
Visa, one of the world’s leading payment corporations, made a significant leap into the crypto business in 2020, teaming with blockchain firm Circle to enable the USD Coin stablecoin on select credit cards. Due to the crypto bear market of 2022 and key industry collapses such as Celsius and FTX, the firm has been progressively growing its crypto offering but has delayed several new industry alliances.