Skip to main content

Stablecoin payments: Visa shares plans for ‘ambitious’ crypto product

Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments.

Global payment giant Visa continues to explore the benefits of the cryptocurrency industry with a new initiative focused on stablecoin payments.

Cuy Sheffield, head of crypto at Visa, took to Twitter on April 24 to announce a new cryptocurrency-related project developed by the firm.

Visa’s upcoming crypto product is designed to drive mainstream adoption of public blockchain networks and stablecoin payments, Sheffield noted.

According to a Visa job posting published on April 20, the company’s crypto division is building the “next generation of products” to facilitate the digital commerce of everyday life.

In order to develop the product, Visa is seeking to hire software engineers focused on programming, backend systems Web3 technologies.

“Particularly interested in experience using Github Copilot and other AI assisted engineering tools to write and debug smart contracts,” Sheffield wrote on Twitter.

Among preferred applicant qualifications, Visa listed a good understanding of Layer 1 and Layer 2 solutions alongside experience with writing smart contracts using the programming language Solidity. Introduced specifically by the Ethereum Network, Solidity is used to create smart contracts on blockchain platforms and generate a chain of transaction records in the blockchain system.

Related: Bitcoin Lightning Network is 1,000x cheaper than Visa and Mastercard: Data

The position also requires good understanding of public and permissioned distributed ledger networks, security protocols, private key custody as well as new Ethereum enhancements such as ERC-4337.

One of the world’s largest payments companies, Visa made a major move into the crypto industry in 2020, partnering with the blockchain firm Circle to support the USD Coin (USDC) stablecoin on certain credit cards. The firm has been gradually expanding its crypto offering but halted some new industry partnerships due to the crypto bear market of 2022 and major industry collapses like Celsius and FTX.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

Comments

Post a Comment

Popular posts from this blog

Dogecoin Price Prediction: DOGE Dips 7% As Investors Flock Its Rival PEPU Offering Last Chance To Buy Before Upcoming Tier-1 Exchange Listings

Image
The Dogecoin price dropped 7% in the last 24 hours to trade at $0.3670 as of 01:31 a.m. EST on trading volume that plunged 30% to $15.6 billion. Dogecoin Price On A Sustained Bullish Trend The Dogecoin price has been in a significant uptrend recently, with a sharp rise in mid-to-late October and into November. The trend is clear from the steep ascent in price of Dogecoin above both the 50-day (yellow line) and 200-day (red line) Simple Moving Averages (SMAs). This signals strong bullish momentum in the short to medium term, according to data from GeckoTerminal . Moreover, the Relative Strength Index (RSI) is currently around the mid-range, close to 54, which suggests that there is no immediate overbought or oversold condition. This level of RSI indicates a cooling off period after what was likely an overbought condition during the rapid price increase. The RSI cooling off while price remains high could indicate consolidation before the next move. If the Dogecoin price sustains th...
Read more

Tim Draper sets bitcoin target of $250k, DigiToads and Cardano poised to 100x

While US major investor Tim Draper believes bitcoin will hit $250,000, other analysts think DigiToads and Cardano are poised to grow by 100x. DigiToads investors anticipate value increase DigiToads’ presale success has made it one of the most sought-after cryptocurrencies. Crypto enthusiasts believe this cryptocurrency could grow by 100x once it launches, increasing the value of investors’ portfolios. The crypto project recently unveiled a collection of trending NFTs that allow users to make money from DigiToads’ platform to attract investors further. You might also like: DigiToads offer staking, burning, NFTs, and gaming; better drivers than Monero’s anonymity The NFT collection was unveiled despite TOADS still being in presale. This will make it easier for DigiToads’ value to grow by 100x when it launches. The NFT collection can be bought on OpenSea or minted at any time. Investors acquiring these trending NFTs can participate in NFT staking comp...
Read more

3 cryptocurrencies cheaper than a burger for a 2500% ROI by 2024

Image
As the cryptocurrency market continues to evolve and expand, investors are constantly on the lookout for undervalued assets with the potential for significant returns. While marquee tokens like Bitcoin and Ethereum dominate headlines, a multitude of lesser-known cryptocurrencies lurk beneath the surface, waiting to be discovered by astute investors.  Among these hidden gems are Retik Finance, Jupiter, and Ripple—three cryptocurrencies that offer compelling investment prospects and the promise of substantial growth in the coming years. In this article, we delve into the unique attributes of these tokens and explore their potential to deliver a 2500% ROI by 2024. Retik Finance (RETIK): Revolutionising Decentralised Finance (DeFi) Retik Finance (RETIK) emerges as a prominent contender in the realm of decentralised finance (DeFi), offering a comprehensive suite of financial services and solutions powered by blockchain technology. Unlike traditional financial institutions, R...
Read more