Visa is advancing its cryptocurrency and NFT capabilities to build the next generation payment network.
According to a job post “Head of Strategic Initiatives (f/m/d) – Alternative Payments and Digital Solutions“, new solutions are focused on building the next generation payment network.
The new payment system is expected to provide “the flexibility to use a variety of payment instruments – from cards to tokens and bank accounts or representative identity”.
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Visa mentions that it is applying its brand, products, people, network and scale to reshape the future of commerce.
Visa states that these solutions will be complemented by emerging Value-Added Services and new payments solutions in areas such as cybersecurity, cryptocurrencies and NFTs.
From looking at job description its seems that cryptocurrency is a big focus, and probably at the Centre of future payment solutions being designed by Visa.
This is in line with previous announcements of Visa related to Bitcoin and other digital currencies. There are currently over 35 digital currency platforms and wallets that are available to Visa users.
In March, Visa CEO Kelly stated: “there’s a “strong potential” for cryptocurrency to become new payment vehicles, particularly in emerging markets.” Visa has also announced its plan to enable Bitcoin across its global payment network of over 70 million merchants.