Crypto News

JPMorgan Hires a Crypto, Metaverse Specialist to Increase Industry Presence

The American banking big – JPMorgan Chase – is in search of a Vice President (VP), Payments Business Development Manager, to be a part of its Technology, Media, and Telecom West Coast Payments Team to be a part of the Web 3, Crypto, Fintech, & Metaverse division.

JPMorgan’s newest push towards the digital asset trade may very well be thought-about a shock since its CEO – Jamie Dimon – is a fierce critic of bitcoin.

Hiring a Crypto Guy

According to a LinkedIn job offering, JPMorgan needs to appoint a “curious and dynamic” chief who might information the company’s operations in “this sea of technological change.” The banking big outlined that the person ought to have the required technical data and be prepared to collaborate with monetary regulators and rising entities within the area of interest.

“Specifically, this individual will lead proactive prospect and client engagement, collaborate with multiple internal partners, and develop solutions to meet strategic and complex needs of our corporate clients,” the providing reads.

Other fundamental duties will likely be to “identify and win new payments opportunities in the Web 3, Crypto, Fintech, & Metaverse industry subvertical.” They will even have to analyze shoppers’ operational structure and perceive the purchasers’ cryptocurrency targets.

Being accessible for customers on a regular basis, explaining all regulatory necessities to them, and staying on high of the competitors will likely be key duties, too.

Subsequently, JPMorgan defined that solely people with at the very least five-year expertise in a monetary companies gross sales function might match for the function. Those who’ve beforehand labored within the banking trade will likely be “strongly preferred.”

While the company’s stance towards cryptocurrencies is predominantly detrimental, this isn’t the case when talking concerning the Metaverse. In February this year, the Wall Street behemoth launched a report the place it predicted that the built-in community of 3D digital worlds might turn out to be a trillion-dollar market within the subsequent few years.

Dimon’s War With Bitcoin

It is a uncommon occasion, although, that the banking big (particularly CEO Jamie Dimon) says one thing optimistic about bitcoin. Over the years, he has labeled the coin nugatory and warned traders to keep away from it.

In October 2021, he reiterated his position arguing that BTC serves because the “fool’s gold of the future” and has no “intrinsic value.” As such, he expects monetary watchdogs to apply strict laws on it.

Last month, JPMorgan’s Chief Global Strategist – David Kelly – suggested traders to promote their bitcoin holdings, citing the market’s enhanced volatility and the chance of recession.


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