Skip to main content

PayPal hiring push hints at future cryptocurrency support

New vacancies suggest the company is keen to explore emerging blockchain technologies.


PayPal is seeking to hire blockchain and cryptocurrency engineers in what could hint at the future support of cryptocurrency exchanges

The global payments platform's job listings, posted on PayPal's own boards, include a request for a technical lead/cryptocurrency engineer set to join a team in Chennai, India. 

A successful applicant would become part of PayPal's Crypto Engineering Team in the region, which the company says is "responsible for new initiatives for PayPal global with focus on agility, time to market and innovation." 

This includes the development of crypto-related products and features that are suitable for the PayPal platform. 

The listing emphasizes the need for someone able to build and maintain Internet applications and services, with a focus on expertise in security, symmetric and asymmetric cryptography, crypto libraries, and software development. 

The second listing of note, as reported by Coin Telegraph, asks for a blockchain research engineer to work with the company in exploring emerging technologies and their potential applications within PayPal. 

Earlier this year, PayPal published job openings for engineers willing to join the firm's Blockchain Research group.

PayPal's global customer base accounts for over 305 million active account holders and the platform facilitates the receipt of money in over 100 currencies, as well as the withdrawal of funds in 56 currencies. 

The job listings have emerged at a time when rumors are circling over PayPal's potential plans in the cryptocurrency realm. 

Reports have previously suggested that the payments giant may launch a crypto offering within the next few months that facilitates both the purchase and sale of digital currencies. 

Coinbase and Bitstamp were named as potential partners to ensure liquidity by sources speaking to CoinDesk. 

If cryptocurrencies are brought to the table, this could, in turn, dissolve cross-border payment issues that can be a challenge in the global marketplace -- due to local regulatory requirements and different financial infrastructures -- and allow PayPal to take advantage of what has become a lucrative, alternative market to traditional banking. 

While some cryptocurrencies are volatile in pricing due to decentralized trading structures, variants such as Bitcoin (BTC) and Ethereum (ETH) are popular and are actively traded worldwide. 

Source: zdnet.com

Comments

Contact us

Name

Email *

Message *

Popular posts from this blog

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry.  The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling.  Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk about cryptocurrency,

Will Solana (SOL) Be the Shining Star of the Bull Market?

About 250,000 to 700,000 SOL have been sold daily by FTX for the last three weeks. SOL’s price jumped above $60, as GSOL’s premium also increased. While the price may retrace, it may not take long before SOL hits $70. Despite being a notable casualty of the FTX contagion in 2022, Solana (SOL) has defied all odds in 2023, as the price continues to outshine its peers. In the last 30 days, the value of SOL has increased by 180%, rising as high as $62 on November 11. However, the rising price of SOL is not the only interesting thing the token has shown by the token. For a token that was once described as dead, it has shown tremendous strength. Coin Edition came to this conclusion because of a post by trader Bluntz Capital. The Big Players Are Here According to Bluntz, FTX, after getting the go-ahead to liquidate its assets, has been selling around 250,000 to 700,000 daily for the last three weeks. Regardless of the sales, SOL has failed to nosedive. Rather, the price has chosen the upside

Terra Classic Community Passes Major Constructive Proposal, LUNC And USTC To $1?

  The Terra Luna Classic community has passed another key proposal as they prepare for a revival of Terra Luna Classic (LUNC) and repeg USTC stablecoin to $1.  The proposal aimed at having a guideline for a pay-per-job approach on the Terra Classic chain as core developer L1TF goes into maintenance mode for Q4. Meanwhile, the community is also collaborating on other fronts to keep LUNC and USTC above key support levels as traders started booking profits amid the latest pullback in the crypto market. Terra Luna Classic Passes Pay Per Job Proposal Proposal 11889 “Pay-per-job and governance-ruled Job List” has passed successfully. The proposal deemed the monthly model of roadmap and payment planning as suboptimal and plans to switch to a pay-per-job model. The proposal has received 91.99% “Yes” votes, with others mostly voting “Abstain”. The community believes it will optimize compensation structure, provide flexibility and transparency, boost community engagement, and risk mitigation. A