Tuesday, 23 July 2024
Trending

Crypto News

Indian central bank-backed NPCI begins blockchain recruitment

Indian central bank-backed NPCI begins blockchain recruitment

The National Payments Corporation Of India (NPCI), an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies, is on the look out for a seasoned blockchain technologist to head and investigate opportunities for blockchain in current-day payment systems.

NPCI owns and operates the Unified Payments Interface (UPI), India’s home-grown instant payment system that facilitates inter-bank peer-to-peer and person-to-merchant transactions. A recent LinkedIn job posting confirmed NPCI’s ongoing drive to hire a head of blockchain.

National Payments Corporation of India’s job posting for head of blockchain. Source: LinkedIn

The ideal candidate will be a seasoned technologist with at least 6 years of experience in developing and implementing blockchain, who will be primarily tasked with identifying “avenues wherever blockchain-driven solutions can be used.”

The senior leadership profile also demands an in-depth technical understanding of multiple blockchain platforms and previous experience working on at least two pilot blockchain projects. UPI’s success in fortifying the Indian payments landscape has garnered interest from other jurisdictions.

Singapore, Malaysia, UAE, France, BENELUX countries, Nepal and the UK have adopted the UPI payments system in varying degrees. Infusing blockchain elements in UPI can potentially expose the technology to millions of users in an instant, thus reaffirming the capability of the underlying tech that has continued to power Bitcoin (BTC) for nearly 14 years.

The NPCI job application raked up over 200 applicants at the time of writing. NPCI’s blockchain hiring drive is expected to increase in the near future once viable blockchain use cases are unearthed.

Related: Amid crypto winter, central banks rethink in-house digital currencies

In August, the United Kingdom’s National Crime Agency (NCA) set out to hire four senior investigators for its Complex Financial Crime Team to work on crypto-related crimes.

Job posting for digital assets investigators. Source: National Crime Agency

The investigators will be tasked with pursuing high-end crypto fraud, money laundering and other blockchain-based crime carried out by organized crime groups.

The U.K. has been working to establish an investigative team focusing on illicit crypto activities. On Jan. 4, the NCA launched its digital assets team, signaling an increased focus on crypto assets.

Magazine: How to protect your crypto in a volatile market: Bitcoin OGs…

Click Here to Read the Full Original Article at Cointelegraph.com News…