Share this article
Discover Financial Planning a 'Roadmap' for Crypto, Blockchain Products
The third-largest U.S. credit card company is on the hunt for a crypto products strategist.
By Danny Nelson
Updated Dec 11, 2022, 1:51 p.m. Published Mar 2, 2021, 9:37 p.m.
Make us preferred on Google
Discover Financial is planning to break into the crypto space with a suite of yet-to-be-developed digital currency products, according to a new job posting.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The third-largest credit card brand in the U.S. on Tuesday began searching for a Blockchain & Digital Currency Product Manager to sketch out its crypto roadmap. This new strategist positionhttps://jobs.discover.com/job/12373696/product-manager-blockchain-digital-currency-remote/ will be tasked with identifying opportunities in crypto, educating C-suite suits on the tech and managing rollout, the listing said.
It is unclear how Discover might try to leverage its 57 million cards for crypto. Indeed, the Tuesday posting for an early-stage blockchain strategist makes clear that any corporate plans are still in the works. The position’s exceptionally broad mission only serves to underline that Discover could take its roadmap in any number of ways.
"We are closely monitoring this rapidly evolving market and any regulatory developments as we want to ensure they provide strong consumer protections and allow us to best serve our customers," Discover spokesman Robert Weiss told CoinDesk.
He said Discover does not currently allowed brand cards to be used for cryptocurrency purchases.
At the very least, the position signals Discover does not want to be left behind in the traditional financial services industry’s race toward cryptocurrencies. Its financial services competitors have already jumped well ahead, with Visa and Mastercard both planning to integrate cryptos directly on their far-larger card networks.
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Binance to shift $1 billion user protection fund into bitcoin amid market rout
Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.
What to know:
- Binance will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users to bitcoin over the next 30 days, with plans for regular audits.
- The exchange has pledged to replenish the fund to $1 billion if bitcoin price swings cause its value to fall below $800 million.
- Binance framed the change as part of its long-term industry-building efforts.
Top Stories
