Cryptocurrency

MasterCard is Forming Its Own Crypto Team

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As cryptocurrency is gaining steady momentum with each passing day across the world, even the payment giants are feeling the need to dive into the revolution. Mastercard, a globally leading company offering payment solutions, is now looking to establish its own digital currency team. It’s important to note that, Mastercard has already collaborated with Facebook on the latter’s ambitious and much-talked-about crypto project Libra.

The payment solutions company has called for applications to work in the dynamic intersection of cryptocurrencies and payments in its recruitment listing. Elaborating further, Mastercard says that the hired people will get to monitor ecosystem trends in cryptocurrency as well as develop upcoming products and solutions.

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Seth Eisen, Senior Vice President of Mastercard, disclosed that the firm is seeking newer ways to build value. Continuing further, Eisen said that looking at digital currencies and blockchain is a part of these pursuits.

This move by Mastercard has been termed as ‘smart’ by one card expert while CreditCards.com’s analyst, Ted Rossman, said that Mastercard had taken this decision because the company intends to be recognized as much more than a card entity; it desires to be a tech firm.

Another expert named Bill Hardekopf, who is active as LowCards.com’s chief executive stated that Mastercard has been observing increasing activities in the crypto space. So even if the firm is not offering its very own digital currency, they know the importance of having people who possess a great understanding of the subject.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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