- Visa wants to improve adoption of stablecoin payments and public blockchain networks
- The payments giant is hiring software engineers with a background in backend system programming and Web3
Global payment processing corporation Visa is exploring the multiple benefits of cryptocurrency with a new project focused on blockchain adoption and stablecoin payments, CoinTelegraph wrote, citing a Twitter post by Cuy Sheffield, head of Visa’s crypto division.
Driving blockchain use
Sheffield announced that the new cryptocurrency-related project was aimed at improving mainstream adoption of stablecoin payments and public blockchain networks.
On April 20, Visa published a job ad, according to which their crypto division was developing the “next generation of products” to support digital commerce in day-to-day life.
Visa is hiring software engineers
To develop these next-gen products, Visa is hiring software engineers with backgrounds in backend system programming and Web3 technologies. Sheffield tweeted that the company was “particularly interested” in people with a background in AI-assisted tools like Github Copilot to “write and debug smart contracts.”
Good knowledge of L1 and L2 required
Other preferred applicant qualifications include a solid grasp of layer 1 and layer 2 blockchains as well as experience with Solidity, a programming language used to write smart contracts.
Solidity was created specifically for the Ethereum Mainnet. It is used to create a series of transaction records in the blockchain and smart contracts on blockchain platforms.
The job also requires a background in ERC-4337 and other new Ethereum improvements, private key custody, security protocols, or public and permissioned distributed ledger networks.
Visa’s history in crypto
Visa, which is one of the biggest payments companies in the world, got into the crypto market back in 2020. It entered into a partnership with USD Coin issuer and blockchain company Circle to support their stablecoin on specific credit cards.
Visa had other crypto projects and partnerships in the works, but postponed them due to high-profile industry collapses like FTX and the crypto bear market of last year.
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