Mastercard posted job openings for 28 crypto-experts as it begins building its crypto team. Mastercard Inc. is a leading Financial Services firm based out of the US. It provides consumer credit, prepaid & debit cards, which connects billions of people around the world to a unified payment system.
The firm has decided to establish its Blockchain Headquarters in San Francisco, US. It is looking for the Director and Vice President of its project in Blockchain Solutions Architect. The requirements for the position include,
“In-depth knowledge of the Blockchain and crypto-currency ecosystems, including in-depth knowledge of evolving crypto currencies and national digital currencies”
Apart from the Executive level positions, there were more than twenty positions for people with experience in blockchain and cryptocurrencies. It included vacancies for Software Engineers and Data Analysts.
MasterCard is one of the 27 members of the Libra Association. Hence, the development that the company aims to achieve independently could be extended to Libra as well.
Moreover, David Marcus, the Head of the Libra Association, had told the senate that Libra would be an interoperable currency with Calibra being one of the wallets. The job positions opened that MasterCard includes a Director of Project Manager for Crypto Currency/ Wallets. This might be indicative of extension of support to Libra or could even signal an independent approach.
Along with VISA, these two firms are the leading payments card providers in the world. Cryptocurrencies and Central Bank Digital Currencies are aiming to move value away from the cards to encrypted wallets and blockchains accessible on their phones. Hence, the participation of the firms in developing portfolios and crypto-related products is only fitting.
While no statements have been issued by the firm yet, this could be another instance where crypto and blockchain would poach top-level executives and employees from the existing system. The developments also signal positive competition between Facebook as an initiative of the Libra project.
Do you think that the members of the Libra Association will lead the payments’ realm in the future? Please share your views with us.