While Visa has been mentioning its future stablecoin product since the beginning of the year, its roadmap finally seems to be taking shape: the American firm is looking for several software engineers. Among the skills required for this position, we find a good knowledge of the Ethereum ecosystem and the technologies on which this blockchain is based. Does this mean Visa will be deploying dApps in the future?
Future products related to stablecoins?
Visa, the payment solutions company, is known for its involvement in the Web3 sector. In recent months, Cuy Sheffield, the head of its cryptocurrency arm, has repeatedly confirmed the firm’s commitment to creating products around stablecoins.
In a recent Tweet, he revealed that he is looking for some software engineers to help him with his roadmap. As a reminder, at the StarkWare conference in February 2023, he had stated that Visa’s current priority is to create a bridge between fiat currencies and stablecoins:
We have an ambitious crypto product roadmap @Visa and just opened a few reqs for senior software engineers to help us drive mainstream adoption of public blockchain networks and stablecoin payments. https://t.co/UQRJNcOJtB
– Cuy Sheffield (@cuysheffield) April 24, 2023
“We have an ambitious roadmap for cryptocurrency-related products at Visa and have just launched a few tenders for senior software engineers to help us drive mainstream adoption of public blockchain networks and stablecoin payments.
According to Visa, its future products will enable widespread adoption of blockchain technology and stablecoins by both businesses and households.
Future products on the Ethereum blockchain
According to the job description provided by Visa, candidates with knowledge of Web3 technologies will be preferred. The skills required for this position include:
- Previous experience with the “hardhat” development environment for deploying dApps on Ethereum (ETH);
- a good understanding of layers 1 and 2;
- know how to write smart-contracts using Solidity;
- understand the new Ethereum enhancements like ERC-4337.
In addition, there is a good chance that Visa will develop a product on the Ethereum blockchain. In fact, in December 2022, the firm had already collaborated with Ethereum teams by thinking about a feature that would allow the automation of transfers on non-custodial wallets.