PayPal Expands Talent Hunting in Ireland to Speed up Crypto Development

Global Payment Platform PayPal speeds up to develop its crypto business. The company is seeking more crypto talent to join its team in Ireland, according to local media coverage Sunday.

The digital-assets market is on the rise and develops rapidly. Payment PayPal is actively expanding its talent bank for talent acquisition by recruiting serval crypto-related positions in Ireland’s offices across Dublin, Dundalk. According to the Dublin-based Irish Independent revealed on Sunday, these positions cover various sectors, such as compliance and anti-money laundering, including roles in PayPal’s blockchain, crypto and digital currencies (BCDC) business unit.

Showing on its official website some positions related to program manager, to be responsible for handling vendor and crypto tools affairs, some crypto-related positions were announced as early as last month. Apart from the recruitment in Ireland, more than 100 crypto-related positions with different levels are recruiting worldwide, mostly locates in the U.S., and Singapore and Hong Kong, respectively. 

PayPal early has hired Jesse Spiro, a former Chainalysis head of policy and regulatory affairs, expected to take over the position on Monday to be in charge of PayPal’s crypto division.

Previously, Blockchain.News reported the upcoming strategy of PayPal that the U.K. is likely to be the next country to provide crypto trading, possibly to launch as soon as August. Meanwhile, PayPal is accelerating to development of other digital assets, such as crypto wallets. CEO Dan Schulman said the company uses smart contracts more efficiently and more accessible to develop Defi applications.

PayPal also strengthened its crypto function and experience to its clients. The company has increased the limit of purchase of Bitcoin and other crypto-assets up to $10,000 weekly from $20,000, but also remove the annual purchase limit for qualified customers in the U.S, allowing to have more extensive accessibility on a crypto exchange. In May, senior management also revealed that the company would enable their customers to withdraw their digital assets to third parties.