Mastercard will allow cardholders to use cryptocurrencies. Photo: Mastercard.
Mastercard is looking for a director or director to handle digital currency for central banks (CBDCs) in New York. This is a theme that the company is exploring because it knows that at some point it will become a reality in at least part of the markets. Therefore, you need to prepare yourself to be able to accept these cryptocurrencies in your network.
Mastercard participated in the launch of the first CBDC in the world to go into operation, the Bahamas, which uses its infrastructure. And he also talks with the Brazilian BC, as happens with other companies in the sector. The company created a platform for BCs to test their projects. In addition, it studies how to connect its network of retailers and partners to CBDCs.
In addition to announcing the vacancy, Mastercard also announced today (5) the launch of payment cards linked to cryptocurrencies in the Asia-Pacific region. The company has teamed up with three service providers: Amber Group and Bitkub, both from Thailand, and Australia’s CoinJar. With this, customers can convert cryptos into legal currencies.
A few weeks ago, a Mastercard executive said that the company does not want to work with “root” cryptos directly. That’s because there are risks, for example, in converting quotes for retailers.
According to the announcement, Mastercard is seeking a director or director for project development for the blockchain and cryptocurrency group. Therefore, one will have to use their knowledge of payments and cryptocurrencies to support new product initiatives.
The company says the group “leads the strategy of using cutting-edge technologies to make the future of payment technologies a reality.” Including using what “blockchain has the best”. Whoever fills the position will work with people from different areas, such as product and engineering, franchising, compliance, regulation and with regional teams.
You will also have to lead the process from the ideation and prototype phase to market validation. It will also monitor, for Mastercard, trends in the digital currency ecosystem, technological development, threats and risk management. And you will need to propose solutions. In addition to keeping up with competitors.