Report: Mastercard is Building Cryptocurrency Team

 

 

 

 

 

Credit card giant Mastercard is apparently building an in-house cryptocurrency team, according to a recent report from the New York Post. The company is actively recruiting job candidates who are familiar with cryptocurrency technology. The Post provided details of the job listing in its August 17 report:

“Do you have the desire to work at the cutting-edge intersection of payments and cryptocurrencies?” Mastercard asks in a recruitment listing. Those hired will “monitor cryptocurrency ecosystem trends” and “develop new products and solutions.”

Industry experts said that Mastercard's move is a smart one, given the level of activity and interest in blockchain and cryptocurrency technology. LowCards.com chief executive Bill Hardekopf suggested that it’s important for Mastercard to have that in-house knowledge base, even if the company has no intentions of developing its own digital currency.

Mastercard Senior Vice President Seth Eisen emphasized his company’s commitment to creating value for its customers and asserted that “looking at blockchains and cryptocurrencies” is part of that broader effort.

Mastercard is one of a group of large companies that has reportedly partnered with Facebook for the social media giant’s Libra cryptocurrency project.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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