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Some institutional institutions, internet shops, and media outlets have advertised for recruits with crypto or blockchain experience.
As crypto and blockchain organisations expand and face regulatory and economic obstacles, many are forced to hire from outside sources to locate the best employees. This year, large corporations, financial institutions, and even government agencies stated that they were looking for new talent to assist them adapt to the ever-changing cryptocurrency landscape.
Amazon, the world’s largest online retailer, announced in February that it was looking for a software development manager in Mexico to assist launch “a new payment solution.” The Digital and Emerging Payments project attempted to allow Mexican people to acquire cryptocurrencies with cash in order to spend digital currency on Amazon.
Despite rumours that the online shop expects to accept Bitcoin (BTC) payments by 2022, the company has not formally declared such plans. Amazon said in July that it was looking for a Digital Currency and Blockchain Product Lead for its Seattle headquarters, implying that the way customers pay on Amazon’s websites might change.
According to a recent job offering, Apple, the world’s largest firm by market capitalisation, appears to be interested in crypto payments as well. In May, the large IT giant said that it was looking for a business development manager who specialised in alternative payments, favouring someone with experience in “alternative payment providers,” which included cryptocurrency.
Reaching across industries
Though two of the Big Four may be considering a transition to digital payments, it appears that certain financial institutions require employees to be able to operate within regulatory limits while still developing the firm. Despite the fact that it has not yet made an official decision on issuing a central bank digital currency, the Bank of England announced in April that it was searching for 7 people to fill new jobs connected to a central bank digital currency. According to reports, Japan’s Ministry of Finance is considering expanding its staff to manage the growing crypto sector, including legislation governing fiat-pegged stablecoins.
It seems as though job seekers with both a knowledge of cryptocurrencies or blockchain and the experience to back it up may have their pick of the litter when it comes to employment, given the industry is barely a decade old and has the potential to make money in a variety of companies.JPMorgan, a large US investment bank, began accepting applications for blockchain-focused software developers, engineers, marketers, and auditors in July.
Other companies appear to be merely responding to a burgeoning sector in job advertisements. In response to increased demand from institutional investors, the crypto arm of asset management business Fidelity Investments reportedly sought to boost its employees by 70%. Coinbase, a major cryptocurrency exchange, is also aiming to acquire better access to some of India’s 1.4 billion consumers by recruiting locals for engineering, software development, and customer service operations in the nation.
Reporting on crypto
Even media outlets don’t necessarily have the staff to properly report on the crypto space.While news organisations such as Bloomberg have dedicated crypto and blockchain correspondents, Time Magazine is still looking for a chief financial officer who is “comfortable with Bitcoin and cryptocurrencies.”
Given that the business was only founded in 2009, “one or two years” experience is usually sufficient, according to Neil Dundon, the founder of crypto-focused job firm Crypto Recruit. However, like with the introduction of any new technology, such as radio, television, or the Internet, interest in and among candidates is anticipated to expand as more institutions provide more opportunities for cryptocurrency and blockchain education to satisfy demand.