From City AM:
One big player in financial services is taking Bitcoin more seriously. Capital One, the US bank holding company, is looking to hire a data scientist to help investigate the impact of the cryptocurrency.
Capital One wants a recruit with a bachelor's degree in a quantitative discipline, at least a year of experience with a programming language appropriate for data analysis, and a year or more of experience with data mining and statistical modelling.
While Bitcoin isn't thought to be a great replacement for traditional fiat currencies just yet, it's certainly a threat to traditional payment processors already. It's possible to send vast sums almost instantly, with very low fees. That opens up a lot of options for those who wanting to send cash internationally without getting stung.
In March, one user sent $11,000 with a tweet in almost no time using Dogecoin, a currency similar to Bitcoin. One Reddit user than calculated that sending that money via PayPal would incur fees of around $50-160, while the Dogecoin transfer cost $0.01....MORE
