Paypal is now hiring crypto engineers according to a latest job posting from the company. The move has fueled further speculation that the company is looking to integrate Bitcoin payments within its payment ecosystem that is offered in more than 120 countries around the world.
The job titled “Technical Lead – Crypto Engineer” was posted on its official online job portal. According to the job posting, the right candidate will be responsible for new initiatives for Paypal Global and will be helping in designing, developing and maintaining key crypto products/features for it. The language itself is pretty clear that Paypal is looking for a crypto expert who can help them with “crypto services” on their global payment platform.
If Paypal get into the crypto game, it will be a huge development and a boost for the global Bitcoin cause. Paypal is also likely to get into further scrutiny from relevant authorities if they get into it, but, they may be willing to take the risk to become a pioneer in offering these services to the masses. However, this particular job has since been taken down from the Paypal job search and is not viewable in the updated results on the platform.
However, another more recent job titled Blockchain Research Engineer is available for viewing at press time and envisages the establishment of the Blockchain Research Group (BRG) within the Paypal’s Strategic Technology Enablement team. However the lengthy job description is vague and doesn’t clearly establish whether cryptocurrencies like Bitcoin will eventually be supported by the payment system or any other application of blockchain technology will be deployed within the existing fiat-only system.
The two openings have opened an exciting discussion among cryptocurrency circles because Paypal is the world’s leader in payment services. Also, the past connections to Elon Musk and his fondness for the sector are another really important talking point within the community. The rumour regarding the company offering crypto support has been in the news circles for a while now but only recently with these job posts has it been lent any credibility.
However, Paypal is a big company and may take some time in developing and deploying cryptocurrency-enabled global payment options. They can also run into all sorts of regulatory troubles especially in Europe with the passage of the strict GDPR regulation that enforces stringent Anti Money Laundering (AML) and Know Your Customer (KYC) protocols.
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