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VISA Crypto: Financial heavyweight hunts for cryptocurrency and blockchain expert

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VISA Crypto: Financial heavyweight hunts for cryptocurrency and blockchain expert
Source: Pixabay

Payments giant, Visa, is eyeing the virtual currency realm and is looking for someone to spearhead its entry. The Foster City-company recently put out a job listing on Smart Recruiters, and is looking for a full-time Technical Product Manager for Visa’s FinTech division.

Cuy Sheffield, a member of the company’s partnership’s team, stated that this role would require the candidate to understand the nature of cryptocurrencies in the retail realm. Through his 17 March tweet, it was understood that the financial services giant was focusing its efforts on integrating its services with digital currencies.

His tweet stated,

“Any talented PMs interested in the intersection of crypto and retail payments? We are hiring for a new team focused on building products for fintechs that support digital currencies”

The description for the position states that the candidate should be familiar with cryptocurrency and the blockchain technology world. Additionally, applicants must have professional contacts with influencers in the field. Finally, Visa wants the candidate to build “new products for Visa to deliver value to fintechs looking to support cryptocurrencies.”

VISA aims to build a product strategy around the decentralized currency world, and the candidate will be required to build a “roadmap,” and collaborate with key players in the field to facilitate the same. Cryptocurrency and its impact on retail payments will be studied by the chosen applicant, in order to build the aforementioned strategy.

Further, the company’s Head of Crypto will be directly supervise the technical manager, giving them a significant say in the company’s cryptocurrency efforts.

Back in October 2018, Visa’s CEO, Al Kelly, had said that cryptocurrencies will be a viable option for the company to venture into, in the long-term. Digital assets were more of a commodity than a payment vehicle, he had added.

Now, with Visa on the hunt for a cryptocurrency expert to spearhead the financial giant’s payment push, the time for virtual currencies to become a “payment vehicle,” seems to have arrived.

The Twitter crypto-community was abuzz with this news. My2Sats [BTC/LN] stated,



“Now this is a paradigm shift! 🤯”

Bitcoin Badger had a piece of advice for Visa,

“they should use Bitcoin network, safe and sound and liquid 😎”

However, some were not very excited by the integration. Jeff Rigby stated,

“This doesn’t excite me in the least. Ideally when it comes to crypto payments the incumbent processor will be replaced. If Visa begins accepting crypto (which they will) their excessive fees will simply transfer over. What’s the point??!! Out with the old, in with the new.”





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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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