Mastercard Assembles Its Own Cryptocurrency Team As Payment Companies Face Revolutionary Pressures
“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.”
Experts have called Mastercard’s planned cryptocurrency team “a smart move.”
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Mastercard and Libra
Mastercard is a member of the Libra Association — a consortium of tech firms supporting the launch of Facebook’s upcoming cryptocurrency.
Facebook, backed by high-profile tech companies that do not include any banks, announced in June that it plans to issue Libra coin next year.
“(Mastercard) wants to be known as more than a card company; it wants to be a technology company,” Ted Rossman, an analyst with CreditCards.com told the New York Post.