The global payments company is looking for an engineer who is familiar with Ethereum.
Visa is moving forward with its Web3 plans, seeking a senior software developer for its crypto team.
The world’s second-largest card payment organization posted a job listing last week seeking “experienced software engineers” who are “passionate about the Web3 stack of technologies.”
Web3 is the next big change that will be made to the internet. It will be based on blockchains and give users more power over their data. Visa says that it has been making products for this market for a while.
“The Visa Crypto Team is building the next generation of products to facilitate commerce in everyone’s digital and mobile lives,” the post said. “Our focus is to build intuitive features that expose profound new value for our customers.”
The job posting for an engineer in London requests someone who “understands the new Ethereum enhancements” and specifically mentions ERC-4337, a standard for releasing tokens via the blockchain. Ethereum is the blockchain that underpins ETH, the second-largest cryptocurrency.
In a recent development, Visa has hinted at a potential collaboration with the Ethereum network for automatic payments, as per a paper released by the company last year.
Also, the company wants someone who knows about “security protocols” and “private key custody.”
After exchange and cryptocurrency brand FTX failed in November, Visa appeared to reduce its crypto activity. As part of a “long-term global partnership” with FTX, the company intended to send out crypto debit cards to 40 new countries. However, when FTX failed, these plans were abandoned.
Last year, the company also filed new trademark applications that hinted that a crypto wallet and a metaverse product might be in the works.
But a Visa spokesperson said in February that the firm “recent high-profile failures in the crypto sector are an important reminder that we have a long way to go before crypto becomes a part of mainstream payments and financial services.”
Content Source: decrypt.com