SnapBots News Review-PayPal Hiring Over 100 Crypto Positions
PayPal is one of the largest American company operating an online payments system. It supports online money transfers and serves as an electronic alternative to traditional paper methods such as checks and money orders.
PayPal first started its cryptocurrency services in October 2020 by letting users buy cryptocurrency. PayPal users in the U.S. can buy, sell, hold, and checkout with cryptocurrencies directly through PayPal using their Personal or Premier PayPal account.
It currently supports four different cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Paypal has recently increased its weekly crypto purchase limit. Earlier PayPal’s users could buy $20,000 worth of bitcoin. Now it has been increased to $100,000 worth of bitcoin weekly. It has also scrapped its annual purchase limit which was $50,000 earlier.
Due to its greater demand, Paypal is hiring more than 100 crypto-related positions. Paypal’s CEO recently revealed the company’s expansion plans stating, “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that.”
There are at least 102 job openings related to cryptocurrency and blockchain technology as per the job posting on their company’s website.
Most of the jobs are located in the U.S. There are five job postings for positions in Tel Aviv, Israel, six in Ireland, one in Singapore, one in Hong Kong, and five in Guatemala City for Paypal’s online money transfer service, Xoom.
Within the U.S., 22 jobs are in California; 16 in New York; 13 in Texas; 9 in Arizona; and 8 in Illinois. A few other states have less than five jobs posted each.
The positions range from crypto engineering managers, program managers, strategy managers, and blockchain AML analytics managers, to investigators, operations managers, crypto investigations specialists, crypto tax reporting managers, and crypto legal directors.
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