Revolut is hiring senior engineers to lead the development of blockchain technology at the startup.
Job adverts posted in recent weeks call for applicants who will “design and deliver quality blockchain solutions” and work with other teams “on product development and integration of blockchain solutions” into existing systems.
They specify that candidates should be familiar with Solidity, the programming language for writing smart contracts.
The news comes after CoinDesk reported in September last year that Revolut is planning to launch its own token, subject to regulatory approval. A subsequent report revealed that the $33 billion startup was also seeking a tech lead to build an in-house crypto exchange.
The London-headquartered Revolut — which began as a currency conversion app and has morphed into a neobank offering a broad range of services — has been offering a ‘walled garden’ crypto trading product since 2017. In May 2021, however, the startup began allowing customers to withdraw bitcoin from the app to transfer it to personal wallets — phase one of a plan to significantly broaden its crypto offering.
Two sources close to Revolut confirmed CoinDesk’s report that the company is actively working on a token, and one said that its former head of retail Phuc To is spearheading the effort. To’s LinkedIn profile suggests he moved from head of retail to a “special project” role focused on crypto in May 2021.