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Mastercard seeks senior-level blockchain and crypto execs, hints new crypto wallet solution

Image: Mastercard.Håkan Dahlström/Flickr

Mon, 05 Aug 2019, 07:51 am UTC

Financial giant Mastercard is seeking top-level executives for spearheading its cryptocurrency and blockchain efforts, The Block reports citing the company’s job board.

The job posting reveals that the firm is looking for two directors for positions titled “product development & innovation – blockchain solutions architect” and “product management – cryptocurrency/wallets,” and one vice president for the role of product management of Blockchain/Crypto.

According to the job description, the new employees will use their expertise in “identifying new opportunities, and work with a cross-functional team comprising of Franchise, Compliance, Regulation, Products, Labs, Regions and Technology to develop new products and solutions.”

The details also reveal that Mastercard is particularly interested in developing innovative cryptocurrency solutions including wallet solutions.

In addition to these three top-level roles, the company is also seeking blockchain engineers and analysts with knowledge in blockchain.

It is important to note here that Mastercard is one of the initial companies that have expressed their intention to join the Libra Association, an independent organization that will govern Facebook’s Libra blockchain network and administer the Libra Reserve.

That said, whether Libra will actually become a reality remains uncertain at the moment. Facebook itself acknowledged this in its latest quarterly report to the U.S. Securities and Exchange Commission (SEC). It said:

“There can be no assurance that Libra or our associated products and services will be made available in a timely manner, or at all.”

Meanwhile, the Bahrain Electronic Network for Financial Transactions (Benefit) has partnered with Mastercard in order to bring blockchain to the kingdom. The goal is to allow for blockchain-based cross-border commercial payments, making it the first of its kind in the region.

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