- Visa is looking for software engineers for its crypto products.
- Potential candidates must understand Layer-1 and Layer-2 solutions, among other things.
- Visa’s Head of Crypto said bullish things about crypto’s role within the company.
The crypto market has been experiencing one of the worst bear markets in its history. Multiple companies have gone bust and digital asset prices have plummeted.
However, in the midst of this harsh winter, there are companies quietly building in crypto for a better financial future. One such company is the payment giant Visa.
Visa Hires Crypto-Savvy Professionals
Visa, the largest payment processor in the world, is continuing to build its crypto products. On Monday, the company posted a few job ads looking for software engineers with a Web3 background.
The job adverts asked for potential candidates to be a “Web3 enthusiast” and have a “good understanding” of Layer-1 and Layer-2 solutions to write smart contracts in Solidity, the native Ethereum development language, among other things.
“Good understanding of Layer 1 and Layer 2 solutions and experience writing smart contracts using Solidity. Good understanding of public and permissioned DLT networks, security protocols, private key custody etc. Understand the new Ethereum enhancements, e.g. ERC-4337.”
Cuy Sheffield, Head of Crypto at Visa, said on Twitter that the company has an “ambitious crypto product roadmap” to “drive mainstream adoption of public blockchain networks and stablecoin payments.”
The latest job listings by Visa directly contradict the rumor that was spreading in March that Visa had decided to put its crypto plans on hold.
Visa has continued to build with blockchain technology despite its troubled relationship with FTX. The company partnered with the now-bankrupt exchange just a month before it turned out that it potentially engaged in criminal activity.
In December, Visa came out with a proposal to enable programmable payments for Ethereum accounts.
On the Flipside
- It’s unclear what exactly Visa is building behind closed doors.
Why You Should Care
If Visa manages to integrate crypto into its payment system and bring adoption to crypto, that would be a win for the crypto community.
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