Coinbase to reward 'hundreds' of new employees from India with cryptocurrency

Bitcoin exchange Coinbase has opened a technology hub in India and has begun hiring employees. To attract talent, the company has offered lump sum payments in cryptocurrency.

We’re continuing to build out a sustainable, well-rounded tech hub in India. Read the details below and if you’re passionate about crypto, come join us!


    "We have ambitious plans for this centre in the near future - we want to hire hundreds of world-class engineers," said Coinbase vice president of development in India Pankaj Gupta.

The company has launched the Coinbase India Sikka programme to attract specialists as well as introduce them to the products and services to be worked on. It entails that each new employee will receive $1,000 in cryptocurrency in a lump sum.

The company has launched the Coinbase India Sikka programme to attract specialists as well as introduce them to the products and services to be worked on. It entails that each new employee will receive $1,000 in cryptocurrency in a lump sum.


https://twitter.com/pankaj/status/1410103445567070213

According to Gupta, India is experiencing a "boom" in cryptocurrency-oriented development talent. He believes the financial incentive will allow newcomers to learn more about digital assets and "use that knowledge to build the next generation of products."

In a blog post, the VP said Coinbase wants to build teams for all major development areas, including infrastructure, cloud and payment solutions.

The Bitcoin exchange is also targeting further expansion in India. It is focused on acquiring local startups, also for the sake of expanding its engineering team.

Coinbase has stepped up its efforts amid regulatory uncertainty in the Indian market. In March, the company announced plans to open an office in Hyderabad and posted 10 openings in the country.

The Central Bank of India has asked banks to stop dealing with the trading platforms. The regulator then urged the regulated institutions not to invoke the repealed directive banning cryptocurrency transactions.

In January, a bill that would ban cryptocurrencies was tabled in the country's parliament, but it was never introduced. Later, the media reported on the Indian government's plans to consider regulating digital assets.

As a reminder, the Indian government is considering imposing an additional 18% tax on foreign bitcoin exchanges offering services to Indian residents.

Bitcoin Revolution is a trading technology software that was created in 2017. And yes, Bitcoin Revolution is legit and fully registered as an automated platform for trading cryptocurrency.

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