Visa, one of the world’s largest payment processors wants to “drive widespread adoption of public blockchains and stablecoin payments.”
As a reminder, stablecoins are cryptocurrencies tied to the value of an underlying asset, such as the U.S. dollar, to minimize price fluctuations.
Indeed, the giant Visa has been circling the cryptocurrency sector for a few years now. For example in 2021, Visa in partnership with Crypto.com accepted the USD Coin (USDC), a stablecoin linked to the price of the US dollar.
This ambition continues. As proof, the recent official statement from Cuy Sheffield, head of the cryptocurrency side at Visa, about accelerating the adoption of stablecoin payments.
“We have an ambitious roadmap for Visa’s crypto products and we just opened up some applications for senior software engineers to help us drive widespread adoption of public blockchains and stablecoin payments.” said Sheffield.
In fact, the company revealed plans to launch a new crypto product designed to drive the adoption of stablecoin payments. The move is part of Visa’s broader strategy to embrace digital currencies and offer more convenience and flexibility to consumers and merchants.
To develop the product, Visa is looking to hire software engineers with expertise in programming, back-end systems and Web3 technologies.
“Especially interested in experience using Github Copilot and other AI-assisted engineering tools to write and debug smart contracts,” Sheffield wrote on Twitter.
Image Source : Unsplash
Written by Laeti Marison (SatoshiBelle)