Visa Head of Crypto Unveils an ‘Ambitious’ Product Roadmap

Visa's crypto business is developing the

Visa, an American financial services company headquartered in San Francisco, is sure that despite the current crypto winter, it will continue to develop and provide services to the cryptocurrency sector through a new project centered on stablecoin payments.

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Visa to Develop ‘Next Generation of Products’

In accordance with a job seeking released by Visa on April 20, the company’s crypto business is developing the “next generation of products” to simplify ordinary digital commerce. 

Visa is looking for software engineers that specialize in programming, administrative systems, and Web3 technologies.

Cuy Sheffield, Visa’s head of crypto, came to Twitter on April 24 to unveil the initiative that the company is working on. 

Broader Adoption of Digital Assets and Blockchain

Sheffield stated that Visa’s next crypto offering is intended to accelerate broad use of public blockchain networks and stablecoin payments. Sheffield tweeted: 

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

Support for Solidity

Notably, the company specifically mentioned a strong grasp of layer 1 and layer 2 solutions, as well as expertise building smart contracts in the programming language Solidity. 

Solidity is used on blockchain platforms to develop smart contracts and establish a chain of transactions in the framework of blockchain technology. 

The role also necessitates an in-depth grip of publicly accessible and permissioned distributed ledger networks, security protocols, private key custody, and recent Ethereum developments.

Visa Not Affected by Crypto Winter

This announcement comes after Al Kelly, the credit card giant’s then CEO who was set to step down on the first of February this year, briefly described the company’s strategy for Central Bank Digital Currencies (CBDCs) and private stablecoins on January 24, during a teleconference at Visa’s annual stockholder meeting. 

Kelly also said that many “high-profile failures” that exploded the cryptocurrency market in 2022 had no impact on Visa’s balance sheet. 

Furthermore, Visa already created a platform in September 2021 that facilitates the transfer of Central Bank Digital Currencies and stablecoins across multiple blockchains. This platform introduces digital assets as a new payment method.