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Facebook seeks an economics researcher for its Calibra portfolio

Facebook continues to develop the team for its Libra project on cryptocurrency with the hiring of a new researcher in economics.

The social media giant currently has close to 40 positions open at Libra and its portfolio application, Calibra, mainly dedicated to IT professionals.

In addition to the group of scientists and data engineers who would study how people are using Calibra, Facebook is now looking for a professional researcher with a PhD in economics to "run and execute projects around the world." topics such as auction design, economic incentives in consensual protocols, market concentration and the macroeconomic aspects of the balance currency, "says the job description.

Giving some information on the initial design and functions of the Calibra portfolio, the advertisement states:

"The first product that Calibra will introduce is a digital wallet, which will be available in Messenger, WhatsApp and as a stand-alone application. The first version of Calibra will support peer-to-peer payments and some other ways to pay, such as QR codes that small merchants can use to accept balance payments. "

The total number of open positions within the Calibra team is currently 13, one-third of the 38 Libya-related positions that Facebook currently seeks to fill, including management positions such as Director of Technology Communication. , director of the SEC and director of payment partnerships. .

Calibra's job descriptions reveal some of the future ambitions of the project, which aims to become a universal global payment system, along the following lines:

"We plan to eventually offer additional services to individuals and businesses, such as paying bills at the push of a button, buying a cup of coffee with the code of a scanner, or using your transportation in common without having to carry money or a subway pass. "

Facebook is committed to taking a non-interventionist approach to Calibra's user data, amid ongoing criticisms of how the company is treating the privacy of its users. Questions on this topic are likely to be raised at upcoming congressional and US Congressional Banking Committee hearings scheduled for July 16-17.

Facebook has recently addressed data privacy issues in a document titled "Customer Engagement," assuring the world that it will not abuse the wealth of financial information users have that Calibra has at its disposal.

Facebook said:

"Calibra will not share account information or financial data with Facebook, Inc. or any third party without the customer's consent. For example, Calibra's account information and financial data will not be used to improve the targeting of ads on the Facebook, Inc. product family. The limited cases where this data can be shared reflect our need to protect people. , respect the law and provide basic functionality to Calibra users. "

"Limited cases" include the prevention of fraud and criminal activity, the sharing of information with third-party providers involved in transactions, and the sharing of aggregated data on user behavior patterns with Facebook.

Facebook unveiled its Libra project on July 18th and revealed that it already had the support of companies like Visa, Mastercard, Uber, Lyft, PayPal, Coinbase and others.

Mark Zuckerberg image via Facebook

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