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VISA getting into Cryptocurreny Space – Coinnounce

VISA getting into Cryptocurreny Space

Visa, a multinational financial services corporation has been discussing entering the cryptocurrency space for a long time now. It seems that time has finally come. Visa has recently posted a job opening on Smart Recruiters which is subjected as ‘Technical Project Manager, Visa Fintech’.

The Job Description reads as follows:

“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?

As a product manager on the Visa Crypto team, this person will have responsibility for executing Visa’s product strategy within the cryptocurrency ecosystem. This highly motivated individual will be responsible for managing a product roadmap and collaborating with key stakeholders across the strategy, risk, research, and engineering organizations. This individual will work in close collaboration with the Visa Research team to develop new products to deliver value to fintechs and Visa. This person should have great problem-solving skills and creativity to find new opportunities and anticipate how cryptocurrencies could impact payments.

This person will be based out of our Palo Alto office and report to the Head of Crypto within Visa’s Fintech Product group”.

VISA CEO on Cryptocurrency:

In January last year, Alfred F.Kelly Jr, the CEO of Visa had clearly mentioned that their company will not process any cryptocurrency transactions and will only deal with fiat based transactions.

As more and more large financial institutions such as JP Morgan and IBM are entering into the cryptocurrency and blockchain space, others are willing to follow before it is too late. Not only financial institutions but large technological giants such as Facebook are also about to enter the cryptocurrency space.

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