According to Mastercard’s job listing, the company is hiring several specialists with experience in developing and managing blockchain-based solutions. This could indicate that the company is looking to develop some kind of in-house cryptocurrency related project, such as own wallet.
Such a move is not surprising, given that Mastercard has recently partnered with Facebook on Libra project. What’s more, the company has previously shown interest in blockchain in 2017, when it opened up its distributed ledger solution to merchants and banks. What’s more, at least 170 software engineers hired by the electronic payments giant in 2018 have experience in working with blockchain.
A mysterious job listing
The company has published three high-level executive blockchain-related job offers: a director of “product development and innovation”, director of “product management–cryptocurrency wallets,” and a vice president of blockchain product management. The descriptions of these jobs hint that the experts hired will have to deal with the full spectrum of challenges related to developing blockchain products, starting with technology development and ending with adapting the end product to meet regulations.
The listings indicate that Mastercard is likely to develop a cryptocurrency wallet. Two of them – the vice president and the director of product management – require candidates to have previous experience in managing cryptocurrency wallets.
As for now, the details about the hypothetical Mastercard blockchain wallet, such as what cryptocurrencies will it be compatible with or when it will be available, are not known.
Connections to Facebook’s Libra
Back when Facebook’s Libra was announced back in June, the social media networking giant revealed that Mastercard was one of the project’s supporters. Facebook also made it clear that it will be possible for companies to build their applications on top of the Libra blockchain.
Keeping in mind both these facts, it would be reasonable to assume that Mastercard is developing a Libra-based blockchain wallet. There is one more factor playing in favor of this theory: several months before Libra was announced, Mastercard partnered with Facebook Messenger, in an effort to provide African small businesses with electronic payment option.