MasterCard, Samsung, Facebook Bolster Cryptocurrency Offerings as Market Recovers

As Bitcoin (BTC) price recovers from the downturn of July, confidence has returned to the cryptocurrency community which has prompted mainstream companies to continue cryptocurrency adoption projects. Among these companies are household names like Samsung, MasterCard, and Facebook which is fighting on several fronts to launch its controversial Libra cryptocurrency. Latest Bitcoin News features the improvements these companies are making to their respective cryptocurrency offerings and what to expect from BTC price in the coming days.

Mastercard Bolsters Crypto Development Team and Crypto Wallet Projects – Bitcoin News Today – Crypto News Now

FIntech giant MasterCard is reportedly increasing the number of talents on its blockchain team to work on its cryptocurrency features. Going by information on its job portal, the payment company is looking to fill several blockchain-related roles including senior positions for its cryptocurrency and cryptocurrency wallet development. Here are some of the positions MasterCard listed in the latest blockchain job vacancies:

  • senior blockchain engineer and engineering lead,
  • director for product development and innovation,
  • vice president for product management, and
  • director of product management for cryptocurrency and wallets

Furthermore, the company included blockchain expertise requirement in its description for some other open positions including that of the vice president of network tech product management, director of payments platform and networks, and senior analyst for strategic program management.

The financial firm, which launched a B2B blockchain payment API in 2017, hinted at the development of its own “wallet solutions” while calling for experienced candidates who are bold enough to maneuver “disruptive forces” and “work at the cutting-edge intersection of payments and crypto-currencies.” Beyond cryptocurrency wallets, MasterCard is poised to spread its blockchain vision across the company and its stakeholders. The company also added some blockchain developers to its ranks in April and recently announced a partnership with crypto loan firm Nexo that could allow it issue cryptocurrency credit cards.

Facebook Recruiting Talent for its Libra’s Native Crypto Wallet, Calibra – Crypto News Today – Latest Crypto News

First reported in March, internet giant Facebook is still searching for blockchain talents to fill out several roles in its Blockchain division tasked with the responsibility of developing its Libra cryptocurrency. Among the blockchain-related positions yet to be filled is a role that is specific to Calibra, the native cryptocurrency wallet for the Libra cryptocurrency. The social media company plans its launch of the Libra, though it still has to win over skeptics within the U.S. parliament and other notable government bodies.

As at now, the cryptocurrency has the backing of some important fintech companies under the aegis of the Libra Association which includes MasterCard, Visa, PayPal, and Coinbase. Recently Binance CEO Chapeneg Zhao gave his opinion of the Libra cryptocurrency. The charismatic leader told cryptocurrency news house Coindesk that “It’s most likely Libra will get a large number of users, no matter how much people hate it.” While trying to remain neutral, as a cryptocurrency should be about a coin, CZ confirmed that the exchange are interested in listing any coin many users—a condition he tips Libra to meet when launched. Unlike Coinbase, Binance is not yet a member of the Libra Association but are not against it.

Samsung Increases Number of DApps in its Blockchain Keystore to 17 – Crytpo News Today – Latest Crypto News

Blockchain Keystore, Samsung’s online Decentralized Applications (DApps) market which originally featured four apps now has at least 17. The tech giant and phone maker introduced 13 new DApps to its repertoire more fun and exciting apps including app The Hunters. Blockchain Keystore already had a billing app, password wallet, a social media app, and a game.

In an official statement announcing the additions, Samsung highlighted its pacesetter role in the cryptocurrency development for mobile phones since the launch of its Galaxy S10 which had an inbuilt cryptocurrency wallet. “Although other companies have not done so yet, we have already made a blockchain wallet and released it,” the statement read.

Cryptocurrency Market Update – BTC, ETH, XRP, LTC Price Today – Crypto Price Analysis

The cryptocurrency market is a mixed bag today as top cryptocurrencies show varying trends in both daily and weekly charts.

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Binance Coin (BNB) is leading the top 20 cryptocurrencies with a gain of about 6 percent in the last 24 hours to trade at $30.5 to the USD. Bitcoin remains the biggest gainer of the lot in the last 7 days with an increase of about 17 percent in its value since the turn of the new month. BTC, however, has slumped to a 1 percent loss in the past day which has now slowed its march to $12,000 mark.

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Ethereum, which is currently trading at $223 to the USD is up more than 3 percent since the past week but is down by almost 2 percent day-on-day. Other than Monero (XMR) at 15%, Binance Coin at 7% and Bitcoin Cash (BCH) at 2%, other coins in the top 10 are posting losses in a weekly analysis.

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Riccardo Lopp is a writer specializing in Crypto, ethereum and whole blockchain ecosystem. His background is in economics and statistics.

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