Why Is Visa Looking For An Engineer With Ethereum Knowhow?

Visa Inc (NYSE:V) is moving forward with its plans to enter the crypto industry and is actively seeking a senior software developer for its crypto team, according to a job listing posted last week. 

What Happened: The payment giant said it’s searching for “experienced software engineers” who have a passion for the Web3 stack of technologies. 

The job posting specifically mentions the new Ethereum (CRYPTO: ETH) enhancements and the ERC-4337 standard for releasing tokens on the blockchain. 

Ethereum is the blockchain platform behind the second-largest cryptocurrency, ETH. In addition, the company is looking for someone who is familiar with security protocols and private key custody.

“We have an ambitious crypto product roadmap @Visa and just opened a few [requirements] for senior software engineers to help us drive mainstream adoption of public blockchain networks and stablecoin payments,” Cuy Sheffield, the head of crypto at Visa, said on Twitter.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Why It Matters: Sheffield also mentions that Visa is particularly interested in candidates who have used Github Copilot and other AI-assisted engineering tools for writing and debugging smart contracts. Github Copilot is a popular AI-powered code-generating tool that can analyze code written by human developers and suggest automatic text completion or whole lines of code.

This move follows Visa's release of a paper in December 2022 that hinted at the possibility of collaborating with the Ethereum network on automatic payments. The London-based engineer they are looking for will play an essential role in driving the development of the company’s future crypto-related products.

Price Action: At the time of writing, ETH was trading at $1,823, down 2.14% in the last 24 hours, according to Benzinga Pro.

Read More: Bitcoin, Ethereum, Dogecoin Decline Prior To FOMC Meeting: Analyst Foresees Deja Vu, Expects Apex Crypto To Reach $30K Soon