Facebook Begins Ramping Up Recruitment for Cryptocurrency Project Libra

In the past week, Facebook has been ramping up its recruitment, bringing together the team needed to bring its stablecoin to potentially billions of users. With the cryptocurrency due for release in early 2020, Facebook has a little over 6 months to get everything ready for launch. As it stands, Facebook has 32 different job postings on its Facebook Careers platform that relate to Libra, the vast majority of which are senior roles based at the company’s headquarters in Menlo Park, California. Being mostly senior positions, the great majority of Facebook’s Libra vacancies require significant experience in the field, along with a relevant degree. Among the positions, Facebook is looking for a Direct of SEC Reporting, which may indicate that Calibra will be reporting transaction and financial data to the U.S. Securities and Exchange Commission (SEC). With the project already drawing significant scrutiny from regulators, politicians and even a presidential candidate, Facebook appears to be readying itself for a tough road ahead. To this end, the company is hiring a Lead Commercial Counsel, International Blockchain Counsel, and Lead Product Counsel to help it comply with regulations. Thankfully, Facebook appears to be taking a serious stance on security, with an Application Security Engineer and Threat Investigator position currently up for grabs in Menlo Park. In addition to this, almost a quarter of the new positions relate to data science, with several data scientist and data engineer jobs on offer. This shouldn’t come as much of a surprise since it is widely acknowledged that the new cryptocurrency platform will likely be a data goldmine for Calibra. Curiously, Facebook is not recruiting any blockchain developers at this stage, which could mean that it is using an off-the-shelf blockchain solution, or hasn’t narrowed down the specifics of how its blockchain will work yet. What do you think about Facebook’s new job openings? Do any of these provide any indication as to the direction it will take with Libra? Let us know your thoughts in the comments below!