Visa has invited undergraduate students to be part of its cryptocurrency development program. The payments giant is setting this team to build an in-bred crypto talent base.
Visa’s latest move adds to the company’s endeavour to develop a close relationship with the cryptocurrency sector. Visa has already ventured into the buzzing crypto space in the past.
Visa’s crypto development program
Visa’s crypto development program will take 18 months. Visa has stated that this program has been “designed to build a fully fluent cryptocurrency team now and for the future.” IT also adds that the program will support “Visa’s mission to build a strong entry-level pipeline of talent with deep subject matter expertise in the crypto space.”
The students selected for this program will work on a wide range of areas that include Crypto Product, Crypto Solutions and Digital Partnerships. It will also allow the teams to gain experience in various areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), stablecoins and central bank digital currencies (CBDCs).
Visa’s efforts in the crypto sector
The cryptocurrency sector has attracted much attention from many financial institution players, including Visa. Last year, its main competitor, Mastercard, partnered with Bakkt to allow merchants using the card to accept cryptocurrencies as a means of payment.
Visa has not been left behind in ensuring that its growing number of global users also gains access to its crypto-related services. In 2021, Visa announced the formation of a global cryptocurrency advisory division that will allow financial institutions to create their own cryptocurrency businesses.
The crypto sector continues to show signs of significant growth. Therefore, Visa could launch new crypto-related products, and the team developed through the recently launched program could pave the way for the payments giant venturing deeper into crypto.
The CEO of Visa, Al Kelly, has come forward to show his scepticism over the utility of the cryptocurrency sector. He aired his questions on the state of the crypto sector through an investment forum. However, he stated that the company was still committed to supporting its cryptocurrency endeavours.
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