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Facebook will hire 50 employees in Ireland to work at Calibra

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The giant of social networks Facebook You are looking to hire up to 50 employees at your offices in Ireland.

Reported by The Irish Times On Monday, the company's hiring efforts are adding labor to its ambitious Libra digital currency project.

The new workforce will be spread across various divisions of Facebook.

“During this time of global uncertainty, we continue to invest in our team located in Dublin. We are actively recruiting fraud, compliance, workforce management and customer service experts to expand our operations team that supports the Calibra wallet, ”said Laura Morgan Walsh, chief operating officer of the social media company.

This occurred only days after the Libra Association's disclosure of its second technical document for your digital currency, changing the basic structure of Libra.

Will Libra see the green light from regulators now?

Previously, Facebook, along with its Libra partners, decided to link the digital currency with a basket of assets and other products. However, now the Swiss non-profit organization is proposing to create multiple stable currencies individually linked to various assets. These stablecoins will then support LBR.

Irish operations have become very crucial for Facebook. The report also noted that the social media company already maintains a small team for its subsidiary Calibra, responsible for the development of the Libra wallets.

“Ireland is critically important to Facebook and plays a central role in our global operations. We have around 60 teams, including engineers, security experts, policy experts, marketing and sales staff with various global and regional teams led from Ireland, ”added Gareth Lambe, head of Facebook Ireland.

Although regulators have yet to comment on the Libra update, primarily due to COVID-19's continued impact on financial systems, some U.S. lawmakers they criticized strongly encourage the project for failing to address their previous concerns.

Ledger Nano X - the secure hardware wallet



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