The crypto industry has continued to win the hearts of the leaders in the financial sector. especially Metaverse attracts more core players. Many central banks of the world are now researching CBDC and how to implement it. Also, leading institutions in the industry have embraced cryptocurrencies in one way or another.
For example, JP Morgan Chase has moved to become a force in crypto, fintech and the Metaverse. As a result, the US investment bank is looking for experts in these areas to increase its presence in the industry.
The bank is now looking to add two specialists to its Group Vice President and Payments Business Development Manager under the Technology, Media and Telecom payments team on the West Coast. This team will be responsible for the JP Morgan Fintech, Metaverse, crypto and Web 3 division.
JP Morgan Chase job posting on Metaverse
The investment bank revealed these jobs on LinkedIn. According to the bank, the person must be dynamic and curious and able to drive the company’s various technological changes with enthusiasm and efficiency.
Some of the requirements for new hires include the ability to lead work, readiness to work with industry regulators and relevant technical knowledge. Also, employment will be proactive in customer engagement. They will also have the skills to work with the bank’s many internal partners to develop solutions that match the needs of its customers.
Also, JP Morgan reiterated its need for new entrants capable of moving the company as a leader in crypto, Metaverse, Fintech and Crypto. The VP and manager must identify new paying opportunities in these areas and win them before others.
They will also help the bank’s customers move forward by analyzing and understanding their operational structure and crypto goals.
JP Morgan and Crypto Relationship
Remember that the bank’s CEO, Jamie Dimon is anti-bitcoin and has expressed his skepticism about the crypto asset. That’s why everyone is surprised by this sudden move.
JP Morgan Chase hasn’t been too eager to embrace crypto. But he has shown great interest in the Metaverse. The bank published a report in early 2022 predicting that 3D virtual words could grow into a trillion-dollar market in the coming years.
The bank’s reluctance about crypto is not surprising, given that its top leaders were not interested in it. For example, the chief strategist at the bank, David Kelly, advised cryptocurrency investors about the impending recession and volatility, stating that they should dispose of their BTC holdings.
Also, CEO Jamie Dimon has always referred to bitcoin as worthless. He even warned investors not to add to their portfolios. The CEO made the same arguments eleven months ago, saying that BTC has no value but is fools gold. Dimon then commented that he would prefer that regulators take action against him.
Featured image from Pexels, chart from TradingView.com