Facebook Libra Project Opens 50 New Jobs In Ireland

As you probably know if you are reading our Libra news, the coin that is planned by Facebook may have been scaled back but Facebook is significantly expanding its team and works on supporting this stablecoin project. The Facebook Libra project recently announced that it is opening 50 new jobs in Ireland, hiring people for its payment subsidiary Calibra.

The news was first reported by the Irish Times on Monday, when a Calibra spokesperson told the media that many of the new Dublin openings are for a few compliance team to liaise with regulators, as well as for specialists who are looking to work on the wallet’s fraud protection program.

As we can see, Facebook Libra opens 50 new jobs and there will also be a new customer service team that will handle complaints. These are all signs that the project is nearing its launch.

“We’re actively hiring experts in fraud, compliance, workforce management and customer care to expand our operations team supporting the Calibra Wallet,” is what Laura Morgan Walsh, Calibra’s head of operations recently noted. “We believe financial inclusion is a problem that can be solved and we are looking for more dedicated professionals to join us.”

The Libra news and cryptonews now show that the social media giant first came to Ireland back in 2009. It was attracted to the country’s low corporation tax, and set up its European headquarters in the capital. Much of the Irish office also works on global projects including the infrastructure engineering in regions such as the Middle East and Africa.

Ever since 2009, the number of staff employed by Facebook as well as its partner companies in Ireland has ballooned from 30 to more than 5,000 people. The openings at Calibra form a new recruitment drive that could expand the Irish presence up to 7,000 total employees by the end of 2020.

These news come less than a week after the Swiss-based Libra Association said that it was going to scale back its ambitions in an effort to appease governments as well as central bankers. Instead of one cryptocurrency pegged to a basket of currencies, the new design will see multiple Libras launch, each of which will be pegged to different fiats (USD, EUR and others).