Visa developers will work on creating cryptocurrency products

The head of cryptocurrencies at Visa, Q Sheffield, has presented an ambitious roadmap of crypto products that Visa developers plan to create in the near future.

According to Sheffield, the payment giant will promote the mass adoption of public blockchain networks. In this regard, Sheffield called on interested software engineers to share their experience with the company.

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

Visa’s official website states that the company «creates next-generation products to simplify commerce in everyone’s digital and mobile lives.»

Representatives of the payment giant are determined to create new cryptocurrency products that will attract more new customers and develop the digital asset sector. During the StarkWare Sessions 2023 conference in Tel Aviv, Sheffield said that the company is testing the possibility of conducting settlement transactions in the USDC stablecoin on Ethereum. However, so far, it is only about large payments.

In early March, there were rumors about Visa’s termination of cooperation with crypto projects due to the then high-profile failures in the crypto sector. However, representatives of the payment giant denied this information at the time: «The recent difficulties have not affected our crypto strategy. Visa will be the bridge that connects platforms and blockchain technologies with users. We have invested and will continue to invest in this industry.»