[ad_1]
World cost big Visa continues to discover the advantages of the cryptocurrency trade with a brand new initiative targeted on stablecoin funds.
Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a brand new cryptocurrency-related venture developed by the agency.
Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin funds, Sheffield famous.
We now have an formidable crypto product roadmap @Visa and simply opened a number of reqs for senior software program engineers to assist us drive mainstream adoption of public blockchain networks and stablecoin funds. https://t.co/UQRJNcOJtB
— Cuy Sheffield (@cuysheffield) April 24, 2023
In keeping with a Visa job posting published on April 20, the corporate’s crypto division is constructing the “subsequent technology of merchandise” to facilitate the digital commerce of on a regular basis life.
With the intention to develop the product, Visa is searching for to rent software program engineers targeted on programming, backend techniques Web3 applied sciences.
“Notably taken with expertise utilizing Github Copilot and different AI assisted engineering instruments to put in writing and debug good contracts,” Sheffield wrote on Twitter.
Amongst most well-liked applicant {qualifications}, Visa listed an excellent understanding of layer 1 and layer 2 options alongside expertise with writing good contracts utilizing the programming language Solidity. Introduced specifically for the Ethereum Network, Solidity is used to create good contracts on blockchain platforms and generate a series of transaction data within the blockchain system.
Associated: Bitcoin Lightning Network is 1,000x cheaper than Visa and Mastercard: Data
The place additionally requires good understanding of public and permissioned distributed ledger networks, safety protocols, non-public key custody in addition to new Ethereum enhancements such as ERC-4337.
One of many world’s largest funds firms, Visa made a serious transfer into the crypto trade in 2020, partnering with the blockchain firm Circle to help the USD Coin (USDC) stablecoin on sure bank cards. The agency has been step by step increasing its crypto providing however halted some new industry partnerships because of the crypto bear market of 2022 and main trade collapses like Celsius and FTX.
Journal: Unstablecoins: Depegging, bank runs and other risks loom
[ad_2]
Source link