MasterCard has published some new job offers dedicated to blockchain professionals on its official website.
These include a Director, Product Development & Innovation – Blockchain Solutions Architect, a Director, Product Management – Crypto Currency/ Wallets and a VP, Product Management – Blockchain/Crypto.
It would seem from the descriptions of the figures sought that MasterCard is trying to create a new blockchain wallet, which according to some hypotheses could compete with Calibra, the wallet for Facebook’s Libra cryptocurrency.
MasterCard is one of the 28 members of the Libra Association, so this hypothesis is very plausible. Libra will not be a digital currency only usable with the Facebook wallet, but also with other wallets that have the technical requirements to operate the tokens.
The figures sought by MasterCard are senior-level positions with managerial tasks, with the aim of guiding the company’s efforts in the cryptocurrency sector and in particular with regard to payment solutions such as wallets.
Furthermore, they will work together with a multidisciplinary team that will also deal with regulatory compliance, as well as technological development.
The reference to wallets and cryptocurrencies is explicit: in the descriptions of two of the three figures sought there is mention of “wallet solutions” as part of blockchain projects that these new recruits should direct, and there is also a specific request for experience in the management of cryptocurrency wallets.
MasterCard has been recruiting engineers and blockchain analysts for some time, but until now it was probably concentrating on studying its own blockchain-based solutions that did not necessarily involve cryptocurrencies specifically. However, this could be the team referred to in the new announcements, since the new figures sought after are not technical, but managerial.
On the other hand, by joining the Libra project, MasterCard not only admits its clear interest in cryptocurrencies but is also probably trying to seize an opportunity that could be advantageous, for instance by creating and marketing its own wallet.
In fact, thanks to such a solution, a new source of income could be created from Libra transaction fees, in order to cover any losses related to a hypothetical drop in transactions with traditional fiat currencies.