Mastercard Is Hiring More Blockchain Developers

The payment company Mastercard announced on Thursday it was hiring 175 new technology developers, including blockchain specialists.

The workout office is situated in Leopardstown, Ireland, where the Mastercard Labs, is headquartered. The new hires will work on creating more efficient payment systems, according to a press release.

Sonya Geelon, Mastercard Ireland’s country manager, said the company is working on expanding access to financial services. She said in a statement;

“We’re driving projects that promote financial inclusion at home and abroad, and are working to provide consumers, businesses and governments with the most innovative, safe and secure ways to pay.”

It’s a notable development, given that Mastercard has been eyeing applications of blockchain to its services for some time now.

In 2016 the company released a set of experimental blockchain-based APIs, telling that its purpose was to “give developers the chance to work on emerging technologies that haven’t yet been commercialized by us.” Last October, the firm announced that it would use these programs to facilitate business-to-business transactions.

Blockchain intentions of Mastercard are also illustrated by its efforts to obtain patent related to the tech.

Last September a filing described a blockchain system recording “purchase orders, invoices transaction data.” Two months, later another Mastercard application described blockchain-based solutions aimed at speeding up transaction settlement times.

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