• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Jobs
  • Career
    • Cyber Security Training
    • Work from Home
    • Cyber Security Analyst
    • Remote Work – Six Ways to Keep Your Data Safe When Working Remotely
  • Field Guide
  • Newsletter Signup
  • Deals
  • News
AskCyberSecurity.com

AskCyberSecurity.com

Cyber Security News & Information

  • Home
  • Data Privacy
    • Gamers
    • Government Cyber Security
      • Legislation
      • Standards
        • What are the risks of computer security?
        • Medical Cyber Security
    • Social Media
  • Security
    • Data Breaches
    • Scams
    • Malware
  • Software
    • Apps
    • Web Browsers
  • Glossary
    • Cyber Security Acronyms
  • About Ask Cyber Security
    • Authors
    • Contact Us
  • VPN
    • How Do I Know If My VPN is Working?
    • Best Free VPN iPhone
    • Why Use a VPN?
    • NordVPN vs IPVanish
    • Private Internet Access Download
    • Best VPN for Streaming
      • TikTok VPN
    • VPN Porn
    • Computer Security Software – What You Really Need
  • Tutorials
  • ChatGPT
    • Does ChatGPT Save Data?
AskCyber Home » News » News » PayPal is Hiring Hire Cryptocurrency Security Experts

PayPal is Hiring Hire Cryptocurrency Security Experts

2021-08-05 by Michelle Dvorak

PayPal Hiring cryptocurrency

PayPal Will Hire Cryptocurrency Security Experts

PayPal is currently hiring more than 100 employees with expertise in cryptocurrencies. The online payments technology giant plans to expand its talent pool with cryptocurrency experts as well as compliance teams. Some of the new PayPal cryptocurrency experts will focus on compliance and thwarting money laundering effort schemes.

The company has 31 cryptocurrency compliance investigation jobs listed on its corporate hiring website. Titles such as Cryptocurrency Investigation Specialist, Manager Tax – Cryptocurrency Reporting, Director of Global Sanctions Crypto Policy are all open.

Not all positions are for compliance though. Some job openings include legal counsel, software development, as well as technical architects.

Open jobs are spread throughout the United States, Ireland, Hong Kong, and Israel. Some jobs are listed under PayPal while others are for Venmo.

The announcement comes on the heels of a statement from the US Securities and Exchange Commission (SEC) Chairman Cary Gensier. The SEC wants more regulation on cryptocurrencies to protect US consumers. Gensier also wants US Congress to give the SEC more authority over and additional authority granted to the SEC.

“The SEC has a three-part mission — to protect investors, facilitate capital formation, and maintain fair, orderly, and efficient markets in between them. We focus on financial stability as well. But at our core, we’re about investor protection,” said the SEC in a statement.

PayPal announced in October 2020, that its US based account holders would soon be able to exchange and hold cryptocurrencies in their PayPal wallets. The company partnered with Cryptocurrency Partner Paxos to provide the new payment options.

READ How Do I Log in to My PayPal Account?

Shortly after that, in November 2020 PayPal US based account holders were able to buy, hold, and sell cryptocurrencies Bitcoin, Ethereum, and Litecoin.

Then US based users who hold cryptocurrencies in their PayPal wallets finally got the ability to pay for purchases using their cryptos. However, the retailers are not actually accepting cryptocurrencies. PayPal exchanges the money into flat currency to make it easier and more acceptable to retailers.

Cryptocurrencies are well known for their volatility and fluctuations in value. This makes them unappealing to risk adverse retailers who could easily lose money on hard goods. Conversely, a savvy retailer could make a ton of money if the cryptocurrency increased in value rapidly.

READ PayPal How to Log Out of All Devices

“Right now, we just don’t have enough investor protection in crypto. Frankly, at this time, it’s more like the Wild West,” the SEC also stated.

The company also expanded its digital wallet services through a deal with retailer CVS. In November 2020, CVS started accepting PayPal and Venmo QR code payments. Although vastly different from paying with cryptocurrencies or more robust digital wallets – paying with QR codes is certainly a step in the right direction toward mobile payments.

Filed Under: News

About Michelle Dvorak

Michelle writes about cyber security, data privacy focusing on social media privacy as well as how to protect your IoT devices. She has worked in internet technology for over 20 years and owns METRONY, LLC. Michelle earned a B.S. in Engineering from Rensselaer Polytechnic Institute. Michelle published a guide to Cyber Security for Business Travelers


LinkedInTwitterFacebook

Primary Sidebar

Subscribe to Our Free Newsletter

We Don't Share or Sell Your Info

Web Browsers

Where Are My Saved Passwords in Chrome?

Google Removes 70 Malicious Browser Add-ons from Chrome Web Store

Firefox 75 Reports Your Browser Settings to Mozilla

Categories

Cyber Security Field Guide

Computer Security While TravelingGet Our Cyber Security Field Guide - Available on Amazon!

Recent Posts

Security Marketing Manager – Remote

Sr. Associate, Cybersecurity Architect – Pfizer

Strategic Customer Success Manager – Cybersecurity – Opportunity for Working Remotely

Top 20 Passwords Leaked on Dark Web

ISU Cybersecurity Leader Job Opening

Cyber Security News

Top 20 Passwords Leaked on Dark Web

… [Read More...] about Top 20 Passwords Leaked on Dark Web

Apple Warns of Actively Exploited Zero-Day Flaw

… [Read More...] about Apple Warns of Actively Exploited Zero-Day Flaw

IRS Stops Facial Recognition System for Online Access

… [Read More...] about IRS Stops Facial Recognition System for Online Access

National Cybersecurity Alliance Announces Data Privacy Week

… [Read More...] about National Cybersecurity Alliance Announces Data Privacy Week

More Cyber Security News

Tags

amazon Android Apple bitcoin China chrome CISA credit card DarkSide DHS DOJ Equifax Europe Facebook facial recognition FBI Firefox FTC games GDPR Google Government hacker identity theft India iPhone Iran IRS LinkedIn Microsoft North Korea PayPal phishing phishing email ransomware REvil Russia smartphone T-Mobile TikTok tutorial VPN WhatsApp WiFi Windows

Government

CBP Looks to Access Airline Passenger Data

FTC Releases Cyber Threat Video Playlist

Malware Found on US Government Funded Phones

UK NCA Reaches Out to Youth to Deter Cybercrimes

More Posts from this Category

Footer

Menu

  • Home
  • About
  • Authors
  • Newsletter Signup
  • PRIVACY POLICY

Search

Why Use a VPN?

NordVPN vs IPVanish VPN Review

NAVIGATION

  • Data Breaches
  • Data Privacy
  • Gamers
  • Scams
  • Malware

MEMBER NJCCIC

New Jersey Cybersecurity & Communications Integration Cell

STAY CONNECTED

  • Facebook
  • Instagram
  • Pinterest
  • YouTube
  • Twitter
  • RSS

Copyright © 2023 · AskCyberSecurity.com · METRONY, LLC

Go to mobile version