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Stablecoins: Visa confirms its commitment to developing new products

by Thomas

While Visa has been talking about its future stablecoin product since the beginning of the year, its roadmap finally seems to be taking shape: the US firm is looking for several software engineers. The skills required for this position include a good knowledge of the Ethereum ecosystem and the technologies on which this blockchain is based. Does this mean Visa will be rolling out dApps in the future?

Future stablecoin-related products?

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 was looking for a number of software engineers to help him complete his roadmap. As a reminder, at the StarkWare conference in February 2023, he said that Visa’s current priority is to create a bridge between fiat currencies and stablecoins:

“We have an ambitious roadmap for cryptocurrency-related products at Visa and we’ve just launched a couple of 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 and stablecoin technology 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 new Ethereum enhancements such as 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 to automate transfers on non-custodial wallets.

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