Singapore, Malaysia, UAE, France, Benelux, Nepal, and the UK have embraced the NPCI UPI Payment System to varying extents.
National Payments Corporation Of India (NPCI), an initiative managed by the Reserve Bank of India (RBI) and 247 Indian banking institutions, is seeking an experienced blockchain technologist to lead and investigate opportunities for blockchain in modern payment systems.
Unified Payments Interface (UPI) is India’s homegrown immediate payment system that facilitates interbank peer-to-peer and person-to-merchant transactions. A recent job posting on LinkedIn confirmed NPCI’s ongoing efforts to employ a blockchain leader.
The optimal candidate will be a seasoned technologist with at least six years of experience in developing and implementing blockchain, whose primary responsibility will be to identify “avenues wherever blockchain-driven solutions can be used.”
Additionally, the senior leadership position requires an in-depth technical comprehension of multiple blockchain platforms and at least two pilot blockchain project experiences. The success of the UPI in strengthening the Indian payments landscape has piqued the interest of other jurisdictions.
Singapore, Malaysia, the United Arab Emirates, France, the Benelux countries, Nepal, and the United Kingdom have adopted UPI in varying degrees.
Incorporating blockchain components into the UPI could instantly expose the technology to millions of users, thereby reaffirming the capacity of the underlying technology that has continued to fuel Bitcoin BTC for Nearly fourteen years.
At the time of writing, there were over 200 applicants for the NPCI position. Once viable blockchain use cases are uncovered, NPCI’s blockchain hiring effort is anticipated to increase shortly.
In August, the National Crime Agency (NCA) of the United Kingdom decided to employ four senior investigators for its Complex Financial Crime Team to investigate crypto-related crimes.
The investigators will pursue organized crime groups that commit high-end crypto fraud, money laundering, and other blockchain-based crimes.
The United Kingdom has been working to establish an investigative unit dedicated to illegal crypto activities. The NCA found its digital assets team on January 4, significantly emphasizing crypto assets.
