JP Morgan Deep In Metaverse
The crypto industry has continued winning the hearts of top shots in the financial sector; especially the Metaverse is attracting more key players . Many worlds central banks now research CBDC and how to implement it. Also, leading institutions in the industry have embraced cryptocurrencies one way or the other.
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For instance, JP Morgan Chase has moved to become a force in crypto, fintech, and Metaverse. As a result, the American investment bank is looking for experts in these sectors to increase its presence in the industry.
The bank now aims to add two experts to its team’s Vice President and Payments Business Development Manager under its Technology, Media, and telecom West Coast payments team. This team will be in charge of JP Morgan Fintech, Metaverse, crypto, and Web 3 division.
JP Morgan Chase Job Posting On Metaverse
The investment bank disclosed these job positions on LinkedIn. According to the bank, the individual must be dynamic and curious and can lead the company’s various technological changes enthusiastically and efficiently.
Some of the requirements for the new hires include the ability to guide operations, readiness to collaborate with regulators in the industry, and relevant technical knowledge. Also, the employment will be proactive in client engagement. They’ll also have the skills to collaborate with many internal partners of the bank to develop solutions matching the needs of its clients.
Also, JP Morgan reiterated its need for entrants able to move the company as the leader in crypto, Metaverse, Fintech, and Crypto. The VP and manager must identify new payment opportunities in these sectors and win them before others.
Also, they’ll help the bank clients move forward by analyzing and understanding their operational structure and crypto targets.
JP Morgan And 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 too keen on embracing crypto. But it has shown great interest in Metaverse. The bank released a report in early 2022 predicting that 3D virtual words might grow into a trillion-dollar market in years to come.
The bank’s reluctance over crypto is not surprising, given that its top leaders were not interested in it. For instance, the Chief Strategist in the bank, David Kelly, advised crypto investors of impending recession and volatility, stating they should dispose of their BTC holdings.
Also, CEO Jamie Dimon always referred to bitcoin as worthless. He even warned investors against adding to their portfolios. The CEO made the same arguments eleven months ago, saying that BTC doesn’t have value but is gold for fools. Dimon then commented that he would prefer regulators to take action against it.
Featured image from Pexels, chart from TradingView.com