Stripe is creating a crypto-focused engineering team to 'build the future of Web3 payments'
October 12, 2021, 1:58PM EDT
1 min read
The payment processing firm Stripe is looking for four engineers to form a new crypto-focused team.
Stripe’s head of crypto engineering, Guillaume Poncin, announced the hiring search on Twitter Tuesday. ”We’re starting a new crypto team at @Stripe. I’m hiring engineers and designers to build the future of Web3 payments,” wrote Poncin.
The hiring move comes two years after Stripe’s CEO Patrick Collison said he was “very skeptical” of cryptocurrency. Stripe follows a growing number of traditional finance firms eyeing potential opportunities in the crypto market.
The engineering team will “lay the foundation to support and inform Stripe’s crypto strategy,” according to the job post, and will affect everything from Stripe’s user interface to its backend operations and even its payment and identity systems.
The positions are limited to engineers based in the United States, who must also have a background developing in the crypto space in addition to more than 10 years of experience as an engineer.
From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.