Going by a recent job listing, it looks like leading Debit/Credit card provider Mastercard is looking to enter into the crypto wallet space.
According to recently updated job ads from the card giant the company is looking to hire people to fill the following: “Director, Product Management – Crypto Currency/ Wallets, Director, Product Development & Innovation – Blockchain Solutions Architect, and VP, Product Management – Blockchain/Crypto.”
Going by the job listing, two of the positions posted, namely the future director of product management for cryptocurrency/wallets and future VP of product management for blockchain/crypto — will lead a team focused on developing blockchain-based solutions that include wallets.
Although both role descriptions and requirements did not reveal full details of the planned products’ scope, it was indicated that whoever is hired to fill the post will be asked to identify solutions and concepts “that have strategic fit and value to Mastercard’s customers and partners.” It is no longer news that Mastercard is one of the key partners of the Libra Association — a consortium established to govern Facebook’s planned stablecoin project, Libra.
Therefore one can easily draw the conclusion that Mastercard plans to embark on a roadmap as a crypto wallet solutions provider to partner projects such as Libra, as well as other new or existing entities not yet named.
The ads further indicated that anyone hired for the position of VP in product management for blockchain/crypto should notably have “experience with current payment systems” as well as “familiarity with relevant industry standards and regulatory requirements, ”.
It was also indicated that all successful candidates will be required to “closely monitor evolving trends in the cryptocurrency ecosystem and spearhead solutions for new technological developments as well as emerging risks.”
Mastercard’s interest in the blockchain space is increasing on a regular basis. Late last month, instant crypto loans firm Nexo made it known that will launch a Mastercard-branded cryptocurrency credit card.
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