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

Global outgo elephantine Visa continues to research the benefits of the cryptocurrency manufacture with a caller inaugural focused connected stablecoin payments.

Cuy Sheffield, caput of crypto astatine Visa, took to Twitter connected April 24 to denote a caller cryptocurrency-related task developed by the firm.

Visa’s upcoming crypto merchandise is designed to thrust mainstream adoption of nationalist blockchain networks and stablecoin payments, Sheffield noted.

We person an ambitious crypto merchandise roadmap @Visa and conscionable opened a fewer reqs for elder bundle engineers to assistance america thrust mainstream adoption of nationalist blockchain networks and stablecoin payments. https://t.co/UQRJNcOJtB

— Cuy Sheffield (@cuysheffield) April 24, 2023

According to a Visa occupation posting published connected April 20, the company’s crypto part is gathering the “next procreation of products” to facilitate the integer commerce of mundane life.

In bid to make the product, Visa is seeking to prosecute bundle engineers focused connected programming, backend systems Web3 technologies.

“Particularly funny successful acquisition utilizing Github Copilot and different AI assisted engineering tools to constitute and debug astute contracts,” Sheffield wrote connected Twitter.

Among preferred applicant qualifications, Visa listed a bully knowing of Layer 1 and Layer 2 solutions alongside acquisition with penning astute contracts utilizing the programming connection Solidity. Introduced specifically by the Ethereum Network, Solidity is utilized to make astute contracts connected blockchain platforms and make a concatenation of transaction records successful the blockchain system.

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The presumption besides requires bully knowing of nationalist and permissioned distributed ledger networks, information protocols, backstage cardinal custody arsenic good arsenic caller Ethereum enhancements specified arsenic ERC-4337.

One of the world’s largest payments companies, Visa made a large determination into the crypto manufacture successful 2020, partnering with the blockchain steadfast Circle to enactment the USD Coin (USDC) stablecoin connected definite recognition cards. The steadfast has been gradually expanding its crypto offering but halted immoderate caller manufacture partnerships owed to the crypto carnivore marketplace of 2022 and large manufacture collapses similar Celsius and FTX.

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