BITCOIN March 18, 2019Daily Hodl Staff
‘Visa Crypto’ Revealed: Payments Giant Hiring Technical Manager for New Cryptocurrency Project
Global payments giant Visa has hopped on the crypto bandwagon. In a new job listing, the company says it’s looking for a technical product manager for its Visa Crypto Team.
According to the listing, the new full-time employee will be responsible for executing Visa’s product strategy within the cryptocurrency ecosystem. The new hire will manage a product roadmap and collaborate with the Visa Research team to design and develop new products.
“Are you passionate about the intersection of payments and cryptocurrency? Are you deeply familiar with permissionless blockchain technology and have a close network of experts in the fast moving cryptocurrency and fintech ecosystem? Are you excited about the challenge of developing new products for Visa to deliver value to fintechs looking to support cryptocurrencies?”
Visa is not the only legacy leader warming up to the emerging technology that threatens to leave behind competitors who lack a robust crypto strategy. Last month, JP Morgan Chase, the largest bank in the US, announced the launch of its blockchain-based digital asset JPM Coin. Facebook is also reportedly planning to integrate a cryptocurrency on WhatsApp, its messaging system, allowing users to make crypto transactions.
Incumbents are increasingly facing challengers that offer blockchain solutions and platforms, from crypto exchanges to point-of-sale devices to smartphones integrating digital assets. Fintechs such as Robinhood Crypto, Revolut, Clover and Samsung are among the many disruptors building bridges to the digital economy.
Last year, Square’s Cash App, which supports Bitcoin, eclipsed Venmo as the most downloaded finance app on the App Store and Google Play, as crypto-friendly Millennials embrace new technologies that are offering payment options beyond traditional fiat.
As more blockchain-based products get released, a growing number of assets are being tokenized – from stocks to real estate.
Lawmakers in Wyoming and Colorado, among other states, are also introducing and passing bills that curtail regulatory overreach and facilitate crypto custody solutions, tokenized stock certificates, and Bitcoin and crypto payment rails. The states’ legislation is designed to both protect consumers and create a legally compliant environment with clear guidelines for blockchain developers to build solutions without fear of regulatory risks.