As reported in a press release dated April 12, Master Card wants to hire 175 people with experience in IT, specialists in blockchain technology.
Employees will work in Ireland, where MasterCard Labs is headquartered. This sector of the company will be connected to another, forming a new “product innovation team”. The task of these specialists will be to develop “innovative solutions in the field of payments” through the study of AI and other technologies, including blockchain.
On the same day as the announcement, the US Patent Office published an application from Master Card for a “blockchain-based information security and authentication system.” According to Alexey Malinovsky, head of the Russian representative office of Master Card, the company has more than 30 more patent applications related to DLT technologies.
At the end of 2017, two months after joining the Enterprise Ethereum Alliance, the firm launched an international payment system for businesses, which uses distributed ledger technology for fiat transfers.
Recall that in February, the Master Card service began charging an additional commission for the purchase of cryptocurrency through debit or credit cards, they canceled lending for crypto exchange traders and, at the same time, began to use cash advances in support of blockchain developments.
According to https://www.ethnews.com
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