- Visa is looking for backend developers with experience in stablecoins, public blockchains, Web3 stack of technologies, and AI-assisted engineering tools for its cryptocurrency team
- The new hires should have knowledge of Layer-1 and Layer-2 solutions working, experience in Solidity, distributed ledger technology, and security protocols
- Visa aims to accelerate the mainstream adoption of stablecoin payments and public blockchain networks and has been testing settlement payments in USDC stablecoins on the Ethereum platform
Payment giant Visa is now looking for backend developers to work with its cryptocurrency team. The company aims to find individuals who have experience in stablecoins and public blockchains and are passionate about the Web3 stack of technologies. Visa is also looking for engineers who have used GitHub Copilot and other AI-assisted engineering tools to develop and debug smart contracts. Visa has a robust crypto product roadmap and hopes to drive mainstream adoption of stablecoin payments and public blockchain networks.
When hiring new employees, Visa prefers those who exhibit a strong comprehension of Layer-1 and Layer-2 solutions, as well as prior experience with Truffle, Mocha, and Hardhat testing frameworks. Working knowledge of writing smart contracts with Solidity, the prevalent programming language for Ethereum, is also highly valued.
The company has indicated that the new hires will help Visa drive mainstream adoption of these technologies. Visa VP and Head of Crypto, Cuy Sheffield, tweeted on Thursday about the job vacancies, stating that Visa has been testing settlement payments in USDC stablecoins on the Ethereum platform.
Visa’s interest in the cryptocurrency industry is familiar, despite some earlier reports suggesting that the company would halt its cryptocurrency activities. Sheffield clarified on Twitter earlier this year that Visa continued to work with cryptocurrency firms to provide fiat on- and off-ramps. Therefore, the company’s view on the potential of digital currencies has stayed the same. Currently, Visa is exploring converting digital assets into fiat payments, similar to its existing currency conversion services.
Visa’s direct rival, Mastercard, had announced its intent to adopt cryptocurrencies on its payment network, starting with stablecoins, months before Visa’s announcement. To help interested individuals explore cryptocurrency opportunities, Visa created an advisory unit in late 2021.
Unfazed by Anti-Crypto Noise
Visa is still keen on tapping into the crypto space’s potential. It filed new trademark applications in October, which featured potential plans for a crypto wallet and a metaverse product. Crypto wallets like MetaMask and Phantom are used to store digital assets like Bitcoin and Ethereum and enable electronic transactions. On the other hand, the metaverse refers to a shared virtual world online, presenting an exciting prospect for fintech and crypto companies.
With the crypto space and traditional finance spaces expanding and evolving quicker than ever, it’s clear that companies such as Visa are keen to get in on the action. Whether that means further collaborations with traditional crypto projects or designing crypto-inspired products remains to be seen, but one thing is clear: The intersection between cryptocurrency and traditional finance will only continue to grow.
