As cryptocurrency and blockchain companies grow, they have to navigate the challenges of industry rules and the economy, so many have to look abroad to find the best possible employees. This year, large companies, financial institutions and government agencies have announced that they are looking for fresh blood to help adapt to the ever-changing cryptocurrency space.
In February, Amazon’s main online retailer announced that it was looking for a software development manager in Mexico to help market “a new paid product”. The emerging digital payment project challenged the Mexican population to afford to buy cryptocurrencies so that they could spend digital coins while shopping on Amazon.
Although it is known that Amazon intends to accept payments with Bitcoin (BTC) by 2022, the company has not officially confirmed such plans. In July, the company said it was looking for a Blockchain and Digital Currency Product Manager for its Seattle office, indicating that there would be a change in the way customers pay Amazon.
It seems that Apple, the world’s largest company in terms of capitalization, is also considering crypto payments, according to a recent job offer. In May, the tech giant said it was hiring a business development director who specializes in alternative payments, specifically preferring someone with experience in “alternative payment providers,” including cryptocurrencies.
Even though the “Big Four” are considering switching to two digital payments, some financial institutions require employees to work according to regulatory guidelines while the business continues to grow. In April, the Bank of England announced that it was looking for 7 people to fill new positions related to the central bank’s digital currency, although it has not officially launched a decision. The Japanese Ministry of Finance apparently planned to increase its staff to cope with the growth of the cryptocurrency market, including regulations on trusted money.
It seems that applicants who know about cryptocurrencies or blockchain can have a wide variety of experience in terms of employment, given that the industry is only a decade old and has the potential to generate an income for many companies. In July, JPMorgan began accepting requests from major US investment banks for blockchain-oriented software developers, engineers, marketers and auditors.
It seems that other companies are responding to a growing sector in the job market. Asset management company Fidelity Investments wanted to increase its workforce by 70% to meet the growing interest of investor organizations. On the other hand, Coinbase is trying to gain greater access to some of India’s 1.4 billion people by hiring local people for the country’s engineering, software development and customer service.