Visa Global Payments continues to explore the benefits of the cryptocurrency industry with new initiatives focused on stable payments.
Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new service related to cryptocurrency that the company is developing. Visa’s upcoming crypto product is designed to spur widespread adoption of public blockchain networks and stable payments, Sheffield said.
According to a Visa service published on April 20, the company’s crypto division is building “next generation products” to support daily digital transactions. To develop this product, Visa is looking to hire software engineers focused on programming, the back-end technology of the Web3 system.
“Preferred interest in and experience using Github Copilot and other AI engineering tools to help write and execute smart contracts,” Sheffield wrote on Twitter. Among the preferred qualifications, Visa lists a good understanding of Layer 1 and Layer 2 solutions and experience writing smart contracts using the Solidity programming language.
Introduced specifically for the Ethereum network, Solidity is used to create smart contracts on the blockchain platform and create a transaction record system on the blockchain system. The position also requires a good understanding of social media networks and permissions, security mechanisms, private key management and new Ethereum developments such as ERC-4337.
One of the largest payment companies in the world, Visa has taken a big step into the crypto industry in 2020, partnering with blockchain company Circle to support USD Coin USDC ($1.00) stablecoin and some credit cards. The company gradually expanded its crypto offering, but stopped some new corporate partnerships due to the 2022 crypto bear market and large liquidation companies such as Celsius and FTX.
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