Visa, one of the giant names in the payment field, made a sound with its new move in the field of Bitcoin and altcoins. According to the latest developments, Visa has started recruiting for the crypto team. Visa has announced that it hopes to hire a senior software developer. It is worth noting that this new task is of particular interest to those who understand new Ethereum developments. Here are the details…
Important Bitcoin and altcoin move from Visa: Those who understand Ethereum are sought!
Payments giant Visa is pushing Web3 plans forward, hoping to hire senior software developer for its crypto team. In its latest job posting, Visa, the world’s second largest payment institution, has caught the attention of the crypto space. Visa said in its posting that it is seeking “experienced software engineers” who are “passionate about the Web3 technologies stack.”
As we have also reported as Kriptokoin.com, web3 refers to the process that is being built on Blockchains. It represents the next large-scale evolution of the internet that can give users more control over their data. Visa says it has been focusing on developing products for this space for some time now. The job posting states, “The Visa Crypto Team develops next-generation products to facilitate commerce in everyone’s digital and mobile lives.” Their focus, according to their description, is to create intuitive features that unlock deep new value for customers.
ERC-4337 standard is important
The job posting for a London-based engineer seeks someone who can “understand new Ethereum developments.” In particular, there is mention of ERC-4337, a standard for issuing tokens on the Blockchain. Ethereum is the Blockchain2 behind ETH, the second largest cryptocurrency. Visa released a document last year hinting at how it might one day collaborate with the Ethereum network on automatic payments. The firm also wants someone familiar with “security protocols” and “private key storage”.
Visa appeared to have withdrawn its crypto activities after the exchange and crypto brand FTX went bankrupt in November. The company had plans to offer crypto debit cards to 40 new countries as part of a “long-term global partnership” with FTX, but stopped when FTX failed. In February, Visa highlighted stablecoins “despite the challenges and uncertainty in the crypto ecosystem.” Visa talked about the “place of fiat-backed cryptos running on public blockchains in the payment ecosystem.” He said he believes these have the potential to play an important role in the market.
The company also filed new trademark applications last year, implying potential plans for a crypto wallet and a metaverse product. But a Visa spokesperson made a statement in February. In the statement, he mentioned the impact of “recent failures in the crypto industry, crypto’s mainstream payments.” He also stated that we still have a long way to go before cryptos become a part of financial services.”
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