Visa in blockchain product development as it hunts for staff


Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • Visa says that it is planning a distributed application that is based around blockchain – and placed a special focus on Ethereum.
  • The product will be associated with the Visa B2B Connect service.
  • “We’re seeking a strong developer experienced with Ethereum and blockchain architecture to be a part of [a] team tasked with building distributed application,” it said.

International financial services firm Visa has revealed details of its further forays into cutting-edge online money transfer services by openly recruiting for an Ethereum developer.

The firm, which is responsible for the world’s largest payment processing network, appears to be on the hunt for a blockchain engineer with the capacity to work on a so-called “distributed application”.

In an interesting move, the company is understood to be looking for someone with experience in Ethereum – though the firm appears to also be happy to hire people with other blockchain-related backgrounds.

The advert was posted in locations around the world, but Visa said in the advert that the successful candidate will be based in the US.

“We are working on Blockchain technology and want to add a highly motivated Engineer to our team in Foster City, CA,” it said.

The successful candidate will “work on emerging technologies, partnering with Product on implementation strategy”.

They will also “work with technology teams to understand the business demand and ensure design and build of solutions creates or leverages cross-asset concepts and frameworks”.

The firm also said that it would happy with a diverse range of professional backgrounds in the wider blockchain sphere.

“We’re seeking a strong developer experienced with Ethereum and blockchain architecture to be a part of [a] team tasked with building distributed application,” it said.

“Our ideal candidate has built and released distributed applications, has worked with the Ripple, R3, Ethereum and/or Bitcoin blockchain, and has experience with Solidity,” it added.

According to the industry press, the level of detail shared by Visa in the job posting was relatively low when it came to details of the blockchain-powered end product that the successful candidate will be working on.

There was, for example, no full confirmation of what the proposed distributed application might be.

The only clue about the nature of the project was that it would be part of the Visa B2B Connect service, which is an international business-to-business payment scheme operated by the firm.

“Visa has been a leading provider of commercial card payment solutions and continues to see expanding opportunities in high-value cross-border payments – an area that’s ripe for improvement and innovation,” the firm said at the time.

It added: “Today, making cross-border corporate payments can be a cumbersome, lengthy and friction-filled process for financial institutions and their corporate clients.

“Using technology based on blockchain architecture, Visa B2B Connect simplifies this process by sending transactions over Visa’s network from the bank of origin directly to the recipient bank.”

Don’t miss out on further crucial information about what companies in the international money transfer sector are up to. Check out our news pages to read more.

Most Read

Use Our Currency Comparison Tool

Select country...

Select country...


Editor's Choice is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.