Mastercard crypto hiring spree in the UK
Mastercard has obviously decided to broaden its cryptocurrency sector by going on a hiring spree. According to their ads on LinkedIn.com, the UK and Irish branches of the global card operator plan to hire crypto training directors, managers of blockchain and digital assets, senior data scientists and others.
Even though it’s still not official, it seems that with crypto hiring, Mastercard is recognising digital assets as an important part of the payments world.
“We are seeing this fact play out on the Mastercard network, with people using cards to buy crypto assets,” the company said previously. Users, especially in the UK are rapidly making use of crypto cards in order to trade with cryptocurrencies, make a profit and convert crypto to traditional currencies for spending.
To be clear, this data is not of any individuals — it's anonymised and in aggregate — but the trend is unmistakable. The company already supports several cryptocurrencies on its network and has previously partnered with Wirex and BitPay.
Crypto adoption to happen ‘very soon’
However, the current discovery isn’t something we should be surprised by. On the recent webinar during Avalanche’s Powering Business with Blockchain series, the Mastercard’s VP of new product development and innovation, Harold Bossé stated that the global adoption of blockchain technology and cryptocurrencies will happen “sooner rather than later”.
“There are millions of individuals today consuming and sending digital assets around the world,” Bossé said. “They are early adopters and new adopters, but we have switched toward mass markets, and that will be a very important aspect for financial institutions to move into the space.”
Still, he commented that crypto sector stands before numerous challenges such as lack of knowledge among the management, speed, costs, regulations, etc. All of this is halting companies who perhaps would like to enter the market. Since Mastercard is clearly hiring professionals for its crypto segment to extend its payment services offering, there is no question that this could energize the dying credit card market.
Author: Teuta Franjkovic
A sincere writer with a strong will to share knowledge on all things blockchain, crypto, metaverse and DeFi. Starting out as a writer with Cosmopolitan, Teuta has risen through the ranks of business journalism, editing newspapers and websites within the fintech industry for over 15 years. She holds a double MA in Public Politics and Entrepreneurship.