Visa Steps Up Crypto Ambitions With Web3 Developer Job Posting

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Payments giant Visa is moving forward with its Web3 plans, with the company hoping to hire a senior software developer for its crypto team.

In a job posting posted last week, the world’s second-largest card payment organization said it was looking for experienced software engineers who are passionate about the Web3 technology stack.

Web3 refers to the next large-scale evolution of the Internet, built on blockchains, which can give users more control over their data. Visa says it has been focused on building products for this space for some time.

The Visa Crypto team is building the next generation of products to facilitate commerce in everyone’s digital and mobile life, the post said. Our goal is to create intuitive features that expose deep new value for our customers.

The job posting, for a London-based engineer, asks for someone who can understand new Ethereum enhancements, and specifically mentions ERC-4337, a standard for releasing tokens on the blockchain. Ethereum is the blockchain behind the second largest cryptocurrency, ETH.

Last year, Visa said it published an article explaining how it could one day collaborate with the Ethereum network on automatic payments.

The company also asks for someone familiar with security protocols and private key custody.

Visa appeared to withdraw its crypto business after the exchange, and crypto brand FTX went bankrupt in November. The company planned to roll out crypto debit cards in 40 new countries as part of a long-term global partnership with FTX, but stopped when FTX failed.

In February, Visa said that despite the challenges and uncertainty in the crypto ecosystem, it still believes that fiat digital currencies running on public blockchains have the potential to play an important role in the crypto ecosystem. payments.

Last year, the company also filed new trademark applications that hinted at potential plans for a crypto wallet and metaverse product.

But a Visa spokesperson told Decrypt in February that the company’s recent high-profile failures in the crypto sector are an important reminder that we still have a long way to go before crypto becomes a part of it. payments and traditional financial services.

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