PayPal is looking for an expert on blockchain to combat financial crime

PayPal has an opening for a Director of Anti-Money Laundering (AML) and Blockchain Strategy. Hewill join the office in New York.

The new director will analyze possible applications of blockchain for financial crime risk management, oversee AML investigations, and study new trends in the field.

In addition, the new employee will analyzerisks associated with the PayPal investment portfolio in the blockchain industry, and lead meetings with external partners. The applicant for this position must have experience in ensuring legal compliance for at least 10 years.

PayPal invested in the company last yearCambridge Blockchain, which manages critical data using distributed ledger technology. In addition, the payment platform invested in the crypto-banking startup Initialized Capital. PayPal also considered joining the Libra Association, but later abandoned this initiative.

PayPal also has its own research.blockchain activities. In 2019, the company received a patent for a tool that allows you to identify cryptocurrency ransomware programs and eliminate the consequences of their activities.

PayPal CEO Dan Schulman said in November last year that he owns bitcoin, but does not buy any other cryptocurrencies.

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