Payments giant, Visa, is eyeing the virtual currency realm and is looking for someone to spearhead its entry. The Foster City-company recently put out a job listing on and is looking for a full-time Technical Product Manager for Visa’s FinTech division.
Cuy Sheffield, a member of the company’s partnership’s team, stated that this role would require the candidate to understand the nature of cryptocurrencies in the retail realm. Through his 17 March tweet, it was understood that the financial services giant was focusing its efforts on integrating its services with digital currencies.
His tweet stated,
“Any talented PMs interested in the intersection of crypto and retail payments? We are hiring for a new team focused on building products for fintechs that support digital currencies”
The description for the position states that the candidate should be familiar with cryptocurrency and the blockchain technology world. Additionally, applicants must have professional contacts with influencers in the field. Finally, Visa wants the candidate to build “new products for Visa to deliver value to fintechs looking to support cryptocurrencies.”
VISA aims to build a product strategy around the decentralized currency world, and the candidate will be required to build a “roadmap,” and collaborate with key players in the field to facilitate the same. Cryptocurrency and its impact on retail payments will be studied by the chosen applicant, in order to build the aforementioned strategy.
Further, the company’s Head of Crypto will be directly supervise the technical manager, giving them a significant say in the company’s cryptocurrency efforts.
Back in October 2018, Visa’s CEO, Al Kelly, had said that cryptocurrencies will be a viable option for the company to venture into, in the long-term. Digital assets were more of a commodity than a payment vehicle, he had added.
Now, with Visa on the hunt for a cryptocurrency expert to spearhead the financial giant’s payment push, the time for virtual currencies to become a “payment vehicle,” seems to have arrived.
The Twitter crypto-community was abuzz with this news. My2Sats [BTC/LN] stated,
“Now this is a paradigm shift!
”
”bitcoin Badger had a piece of advice for Visa,
“they should use bitcoin network, safe and sound and liquid
”However, some were not very excited by the integration. Jeff Rigby stated,
“This doesn’t excite me in the least. Ideally when it comes to crypto payments the incumbent processor will be replaced. If Visa begins accepting crypto (which they will) their excessive fees will simply transfer over. What’s the point??!! Out with the old, in with the new.”
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Published at Tue, 19 Mar 2019 21:58:26 +0000
