Multinational financial services provider Mastercard has recently added three senior-level positions amongst other positions onto their career website with the goal to develop cryptocurrency and wallets solutions.
According to the company’s career website, Mastercard is looking to fill in the position for a senior blockchain engineer and engineering lead, director for product development and innovation, as well as vice president for product management and director of product management for cryptocurrency and wallets.
Based on the job descriptions, the new recruits will work with a cross-functional team comprising of Franchise, Compliance, Regulation, Products, Labs, Regions and Technology to develop new products and solutions.
The director for product management – cryptocurrency/wallets, will be expected to “lead the ideation, definition, design, and development of innovative crypto currency solutions, including wallet solutions,” and to have already had an experience managing cryptocurrency wallet products.
Whilst the company has yet to disclose full details of the planned products’ scope, they do indicate that the new hires will be asked to identify solutions and concepts that have strategic fit and value to Mastercard’s customers and partners.
Other senior roles such as vice president of network tech product management, director of payments platform and networks, senior analyst for strategic program management, mention the need for expertise in blockchain technology. In addition to these top-level roles, the company is also seeking blockchain engineers and analysts with knowledge in blockchain.
The future hire for VP in product management for blockchain/crypto should notably have experience with current payment systems as well as be familiar with relevant industry standards and regulatory requirements, according to the job posting.
Overall, all roles will be required to closely monitor evolving trends in the cryptocurrency industry and initiate solutions for new technological developments as well as emerging risks.
Meanwhile, it is noteworthy to mention that Mastercard is one of the 27 inaugural members that have expressed their intention to join the Libra Association— a consortium established to govern Facebook’s planned stablecoin project, Libra.
Mastercard has been dabbling with the blockchain technology over the last couple of years. In 2017, it announced that it was opening its blockchain to merchants and banks to experiment with a new payment network. Last year, the company hired 175 engineers, including people with expertise in blockchain.