VISA plans to develop blockchain payments

At the end of February , an announcement about a search for a lead programmer in a new division of Visa Research appeared on the VISA job site. One of the areas of its activity, judging by the text of the vacancy, is the development of new payment methods - in particular, payments based on a chain of blocks.



Blockchain, or block chain, is a technology designed for use in Bitcoin type cryptocurrencies. Distinctive features of the technology are openness and distributed access to information, including - to all transactions.



Also in the vacancy mentioned the possibility of working with virtual currencies. In addition to the future payment systems, data analytics and security are called the tasks of Visa Research.

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Design and development of a secure and scalable blockchain network (with direct participation in the development, testing and creation of documentation) are mentioned among job responsibilities. It is assumed that the programmer will work according to the method of Agile and should be able to quickly switch between tasks.



Requirements include higher education in this field, more than 5 years experience in Java, Scala, JavaScript, experience in cryptography, version control systems, and other skills. Estimated wage level not specified.



Last fall, VISA company invested in a startup Chain, which collected an investment of $ 30 million for the development of the blockchain technology.



The largest banks have long been interested in technology - in January the R3CEV consortium, consisting of 42 banks, conducted the first successful tests of technology applied to traditional financial transactions. The test involved eleven members of the consortium. The R3CEV consortium was founded in 2014, and since then it has been joined by more than 40 banks, including Barclays, Credit Suisse, Goldman Sachs, JP Morgan, Royal Bank of Scotland, Bank of America, Commerzbank, Deutsche Bank, Morgan Stanley, National Australia Bank, Royal Bank of Canada, UniCredit, Wells Fargo and others.