The crypto industry has continued to win the hearts of top shooters in the financial industry; in particular, the Metaverse is attracting more key players. Many global central banks are now studying the CBDC and how to implement it. Moreover, major institutions in the industry have embraced cryptocurrencies in one way or another.
For example, JP Morgan Chase has become a force in crypto, fintech and the Metaverse. Therefore, the US investment bank is looking for experts in these sectors to increase its presence in the industry.
The bank is now aiming to add two experts to its team’s Vice President and Director of Payments Business Development within its West Coast Technology, Media and Telecom Payments team. This team will be in charge of the JP Morgan Fintech, Metaverse, crypto and Web 3 division.
JP Morgan Chase Job posting on Metaverse
The investment bank disclosed these positions on LinkedIn. According to the bank, the person must be dynamic and curious and can lead with enthusiasm and efficiency the various technological developments of the company.
Some of the requirements for new hires include the ability to guide operations, willingness to collaborate with industry regulators, and relevant technical knowledge. Additionally, the job will be proactive in engaging customers. They will also have the necessary skills to collaborate with many internal partners of the bank in order to develop solutions adapted to the needs of its customers.
Additionally, JP Morgan reiterated its need for entrants capable of making the company the leader in crypto, metaverse, fintech and crypto. The VP and manager must identify new payment opportunities in these areas and win them before others.
Moreover, they will help the bank’s clients move forward by analyzing and understanding their operational structure and crypto targets.
JP Morgan and the crypto relationship
Recall that the CEO of the bank, Jamie Dimon is an anti-bitcoin and has expressed his skepticism towards the crypto asset. That’s why everyone is surprised at this sudden move.
JP Morgan Chase hasn’t been very enthusiastic about adopting crypto. But he showed great interest in Metaverse. The bank released a report in early 2022 predicting that 3D virtual words could become a trillion-dollar market in the coming years.
The bank’s reluctance towards crypto is unsurprising, given that its top executives weren’t interested in it. For example, the bank’s chief strategist, David Kelly, advised crypto investors of the impending recession and volatility, saying they should dump their BTC holdings.
Additionally, CEO Jamie Dimon has always called bitcoin worthless. He even warned investors against adding it to their portfolios. The CEO made the same arguments eleven months ago, saying that BTC has no value but is gold for fools. Dimon then said he would prefer regulators to take action against it.
Featured image from Pexels, chart from TradingView.com