Visa is Getting Into Crypto! Mass Adoption Coming?

Visa is Getting Into Crypto! Mass Adoption Coming

A recent advert was posted on website stating that Visa is looking for ‘a product manager on the Visa Crypto team’. Could this be the ideal job for you?

Visa is an American multinational financial services corporation headquartered in the United States. They are one of the largest electronic funds transfer companies in the world with a turn over of $18.358 billion in 2017. Now they are looking to get directly involved in cryptocurrencies.

Uncommon Opportunity

They highlight that this will be an ‘uncommon opportunity’ to help Visa to ‘raise the bar on delivering the convenience and security of digital currency to people all over the world.’ Moreover, they aren’t just looking for someone to develop blockchain technology. They want a person who is ‘passionate about the intersection of payments and cryptocurrency.’

Crypto is the Future

The successful candidate will help Visa develop ‘new products for Visa to deliver value to fintechs looking to support cryptocurrencies.’ In addition, they will manage Visa’s roadmap for cryptocurrency related opportunities. The individual who is successful in getting the job will not be on their own. They will manage a crypto team and report to Visa’s ‘Head of Crypto.’

It looks like Visa are taking the threat posed by crypto seriously. Rather than being relegated to the past as part of the legacy financial system, they are actively looking to develop products that utilise blockchain technology and existing cryptocurrencies.

In the advert Visa state, they are ‘making sure that Visa is the best way to pay and be paid, for everyone everywhere.’ Clearly, they don’t want to be left behind as the crypto world is now gathering pace.

2019 so far has seen the launch of Fidelity’s crypto custody service, development of Facebook’s crypto coin, JP Morgan developing their own stable coin, Samsung integrating crypto wallet into the Galaxy S10 and IBM signing six banks to use Stellar’s blockchain.

As financial institutions and tech giants all rush to develop products for consumers could 2019 be the year of crypto mass adoption?

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