Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments.
20034 Total views
138 Total shares

Global fee giant Visa continues to search out the advantages of the cryptocurrency exchange with a brand contemporary initiative centered on stablecoin payments.
Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to lisp a brand contemporary cryptocurrency-linked project developed by the firm.
Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments, Sheffield important.
Now we have faith an ambitious crypto product roadmap @Visa and ethical opened about a reqs for senior software engineers to serve us drive mainstream adoption of public blockchain networks and stablecoin payments. https://t.co/UQRJNcOJtB
— Cuy Sheffield (@cuysheffield) April 24, 2023
In conserving with a Visa job posting published on April 20, the corporate’s crypto division is building the “next generation of merchandise” to facilitate the digital commerce of every day life.
In repeat to originate the product, Visa is asking for to rent software engineers centered on programming, backend systems Web3 technologies.
“Particularly drawn to skills the use of Github Copilot and other AI assisted engineering tools to write and debug neat contracts,” Sheffield wrote on Twitter.
Amongst most smartly-appreciated applicant skills, Visa listed a correct working out of layer 1 and layer 2 solutions alongside skills with writing neat contracts the use of the programming language Solidity. Launched particularly for the Ethereum Community, Solidity is outmoded to create neat contracts on blockchain platforms and generate a sequence of transaction information in the blockchain plan.
Linked: Bitcoin Lightning Community is 1,000x more cost effective than Visa and Mastercard: Recordsdata
The space also requires correct working out of public and permissioned distributed ledger networks, security protocols, non-public key custody as successfully as contemporary Ethereum enhancements such as ERC-4337.
No doubt one of many world’s greatest payments companies, Visa made a serious transfer into the crypto exchange in 2020, partnering with the blockchain firm Circle to enhance the USD Coin (USDC) stablecoin on definite credit cards. The firm has been gradually rising its crypto offering but halted some contemporary exchange partnerships as a result of crypto endure market of 2022 and most major exchange collapses love Celsius and FTX.
Magazine: Unstablecoins: Depegging, bank runs and other risks loom