PayPal Hires Blockchain Experts Amidst Crypto Buying/Selling Rumors
It’s been recently revealed that a massive piece of news could be breaking the crypto space and sending crypto adoption to the moon.
The mainstream adoption of Bitcoin and digital assets has been one of the main goals of the crypto space, and there have been a lot of moves made in this direction.
Things continue in the same successful trend in 2020 as well, despite the global crisis that’s been triggered by the pandemic.
PayPal could boost crypto adoption
PayPal is involved in this massive move, according to the latest reports.
It’s been just revealed that fintech giant PayPal is planning to roll out direct sales of crypto to its 325 million users, according to three sources.
“My understanding is that they are going to allow buys and sells of crypto directly from PayPal and Venmo,” a source told CoinDesk.
300+ million people will soon be able to buy Bitcoin with PayPal and Venmo.https://t.co/xY3hEVfmdf
— Pomp 🌪 (@APompliano) June 22, 2020
PayPal is hiring relevant people
Now, it’s been revealed that the company hires a crypto engineer to work as a technical lead for the company’s crypto engineering team based in Chennai, India.
The person who will fill the position will be “responsible for new initiatives for PayPal global with focus on agility, time to market, and innovation,” according to official notes cited by the Daily Hodl.
PayPal continues and explains that “The role includes the design, development, and maintenance of key crypto products/features targeted towards the availability, performance, and scalability of PayPal services…”
The financial giant says that “We are looking for a person who is passionate about security and thrive in a dynamic and high-pressure environment and is an expert in Cloud Security and Crypto domain.”
PayPal is also hiring a blockchain research engineer who will work in San Jose, California for the newly formed Blockchain Research Group (BRG) according to the reports of the same online publication mentioned above.
The person who will fill this role will be “leading the discovery for use cases that can further PayPal’s understanding of blockchain and specific blockchain implementations.”
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.