TechInAfrica – For those following the trends of cryptocurrency and blockchain, the names Libra and Calibra must be familiar to them at the very least—and for those who don’t, do not fret! We’ve written two elaborating stories to provide you insights on the latest whats and hows on Facebook’s new and upcoming digital money (you can read the first one here, and the second here). Yet despite public’s—as well as other important figures’—relatively dreadful opinions on the matter, Facebook continues to grow its project nonetheless.
This time, the social media giant seeks for an economics researcher to “initiate and execute projects around topics such as auction design, economic incentives in consensus protocols, market concentration, and macroeconomic aspects of the Libra currency,” cited from their official job description. This job serves as a stark contrast to the majority of open roles, which mainly revolves around engineers, programmers, and data analyzers alike.
To be eligible for application, applicants must possess a PhD in economics or finance. Alternatively, applicants can also have 6 (or more) years of work experience in the finance fields. They must also have the proper knowledge regarding SQL, R and/or Python.
About Calibra itself, it’s defined as a Facebook subsidiary whose goal is to provide financial services for Libra, a new global currency powered by blockchain technology. The first product Calibra will introduce is a digital wallet, which will be available in Messenger, WhatsApp and as a standalone app. Upon launch, Calibra will have strong fraud and privacy protections. The Calibra digital wallet is expected to launch in 2020.
Despite what the public suspects, Facebook claimed that Calibra “will not share account information or financial data with Facebook, Inc. or any third party without customer consent”. Consumers’ private data will not, in any way, be used to improve Calibra’s position in general.
Along with an economics researcher, Facebook also opens 13 (as of July 12th 2019) vacant positions for their Libra development. You can check out the full list here.