Mastercard Will Hire 500 New Staff to Expand Its Crypto Consulting
Mastercard is ready to welcome over 500 young professionals this year as part of the expansion plans of its data and services unit.
Payment processing giant Mastercard is looking to help financial institutions navigate the adoption of cryptocurrencies with its consulting efforts by enabling banks and merchants to cover many digital currency capabilities, according to an official announcement.
The aimed areas include early-stage education, risk assessments, bank-wide crypto and NFT strategy development to digital asset cards, and the design of crypto loyalty programs. Data & Services, which acts as a talent incubator for the broader company, has plans to hire more than 500 college graduates and young professionals as part of the ambitious growth plans.
Mastercard has recently entered partnerships with crypto-focused firms and has helped the expansion of fintech companies into new markets. One of the top focus for the payment giant is to help central banks use its testing platform for design exploration as well as deployment of a central bank digital currency (CBDC).
The platform could enable central banks to analyze various frameworks before deployment and leverage Mastercard’s expertise around payment systems, policy and regulation, and governance.
Mastercard seems quite serious in its efforts to integrate blockchain and cryptocurrency into its business structure. Last year, the company announced that it will start supporting select digital assets directly on its network.
Last year it also announced support for credit and debit cards backed by cryptocurrencies in the APAC region, thereby enabling users to use their such assets in the same way as standard fiat money when paying for goods and services.
Mastercard has also entered a partnership with crypto exchange Coinbase to mainstream non-fungible tokens (NFT) purchases. The payment giant also teamed up with the leading Ethereum Software company, ConsenSys, to launch roll-ups for EVM blockchains.
