PayPal intends to enter the world of blockchain
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Answer PayPal intends to enter the world of blockchain
Many technology companies are seeking to integrate blockchain technology into their services.
Recently I showed A list of new jobs published by the payments giant PayPal, in which it is looking for a strategic director to combat money laundering and a specialist in the blockchain.
The company appears to be exploring how it can harness the power of the emerging blockchain technology.
The new team member will be tasked with evaluating blockchain use cases on top of prevention of financial crimes such as terrorist financing and money laundering.
The candidate will lead meetings on the application and utilization of blockchain technology and review its capabilities in combating financial risks.
For the record, this is not the first time that PayPal has made headlines in the crypto and blockchain space.
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A few months ago, in an interview with Source Dan Shulman, the CEO of PayPal, has revealed that he has some bitcoin in his private wallet.
In June of last year, PayPal joined the Facebook-run Libra digital currency project.
But the company quickly changed course and withdrew from the Libra consortium months later, becoming the first member to leave the controversial project that still faces a backlash from regulators around the world.
Shulman says:
The company pulled out of the Facebook project after determining that PayPal could make further progress in financial inclusion by focusing on its own initiatives.
He added:
When we learned more about Libra and saw how much we still had to do and how much we still had to do on our roadmap outside of the Libra project.
You know, we think if we focus on our roadmap, we will be able to advance financial inclusion faster than if we put all these resources into Libra.
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Read also:
PayPal CEO Admits He Holds Some Bitcoin
Facebook is facing obstacles and is reconsidering the launch of its cryptocurrency “Libra”
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