Most people would not be willing to refute the fact that Overstock.com is paving the way for cryptocurrency adoption in the retail industry. Since announcing bitcoin acceptance in late 2013, Overstock has quickly become the poster child of bitcoin adoption.
The company has indicated they hold a portion of bitcoin revenue, and they’ve even said they plan on donating a percentage of bitcoin revenues to cryptocurrency-related causes.
Looking to get deeper into the cause, it would appear as if the mega retailer is planning to hire a backend developer with some level of bitcoin experience.
That’s according to this job posting on Indeed, which comes with the following description:
[blockquote style=”2″]Primary resource responsible for the development of the Key Management subsystem (backend hot-wallet/crypto balance management and reconciliation system) [/blockquote]
It’s not entirely difficult to see what Overstock is going for here. He/she who is hired will “[work] closely with dev lead, product owner, and security consultant to design and develop secure backend systems for storing, transmitting and processing virtual/crypto currency transactions.”
The posting also indicates that “[such] backend systems must be highly secure, highly available, scalable, and automated to the maximum extent possible. Systems will support both the management of online (hot) storage and offline (cold) storage of crypto currencies.”
Could Overstock.com be looking to reduce their reliance on Coinbase? It’s possible, but time will tell.
For those looking to take the leap into the position, you’ll need to have experience in coding languages, SQL databases, and working with APIs.
Anyone else really excited to see what Overstock has in store?