A new job opening posted by SmartRecruiters shows Visa is hiring an extra manager to oversee a new cryptocurrency project headquartered in Palo Alto, California.
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According to Visa, this individual will be responsible for managing a product roadmap and collaborating with key stakeholders across the strategy, risk, research, and engineering organizations.
The product manager 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,” Visa stated.
Al Kelly, CEO of Visa, stated cryptocurrency does not present a direct threat to Visa’s dominance in the payment’s markets.
Furthermore, Kelly noted cryptocurrency needs to move its classification as a commodity before pressuring the traditional financial system.
In 2018, Visa acquired Earthport, a partner of Ripple, currently the third largest blockchain by market capitalization.
According to Reuters, the new partnership between Visa and Earthport will result in an integration of Ripple’s protocol into Visa’s existing payment network, increasing the speed of cross-border transactions.