Key Points:
The world’s second-largest card payment firm stated in a job posting last week that it was searching for experienced software developers who are “passionate about the Web3 stack of technologies.”
“The Visa Crypto Team is building the next generation of products to facilitate commerce in everyone’s digital and mobile lives. Our focus is to build intuitive features that expose profound new value for our customers,” according to the post.
Web3 refers to the next large-scale development of the internet, based on blockchains and capable of giving people more control over their data. Visa claims to have been working on goods for this market for some time.
According to Cuy Sheffield, Visa’s Head of Crypto, the company is:
“Particularly interested in [software engineers with] experience using Github Copilot and other AI assisted engineering tools to write and debug smart contracts.”
Employees can plan to be in the office two to three days per week for the London-based assignments.
Last year, the company also filed fresh trademark applications that hinted at future ambitions for a crypto wallet and a metaverse product.
The job listings came in the wake of industry layoffs, including those at MoonPay, Disney, GSR, and Coinbase. Visa looked to reduce its crypto activities following the collapse of the exchange and crypto brand FTX in November. The company had planned to launch crypto debit cards in 40 additional countries as part of a long-term worldwide relationship with FTX, but the project was halted when FTX went bankrupt.
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